Well in trading the price can either do two things, go up, or go down.
So the general idea i take to my trading is that a trend can never last forever.
So I look for the end of up trends, or the end of down trends and looking for the break outs to the opposite direction.
For example on the daily chart on the GBPJPY we are clearly in a downtrend, so i’m going to be looking for a break up wards.
Tomorrow morning when this candles end at 7am that’s where i will be moving my buy order, setting my Stop loss for the low of the candle, and the take profit on a 1:1 basis.