Trade 6

In one of my practice sessions, I came across this chart. 

At the starting of trade day at 5 minutes, all the buyers buy point was hit at the pivot point. At 20 MA selling started, which move on to cross 50 MA. Some buyers cam at pivot line but the next candle confirmed my sell call. I entered for a sell call. As the green candle wiped the last candle, I took my buy exit.

Again consolidation phase started. 

A solid green candle was formed which was above the pivot point and 200 MA. The volume was strong. I entered for trade with a buy call. When the big candle, clicked I took my profit as it was R1 resistance.

At the end of the day following candle was formed so my strategy to exit was right.

Note: All these analysis are from past. So take your own decision to make any trade in real market.