Don't forget about divergences (as seen in my previous post of GBPUSD). A good (simple) confirmation is divergences with RSI or Stochastics or MACD. There is an indicator that automatically marks regular and reverse (hidden) divergences. I haven't played with it yet. I don't remember where I found it. Here it is.

Attached Files

FX5_Divergence_v1.5.mq4 (14.6 KB, 231 views)