I only take positions on the daily/weekly chart when trading companies as they are not open 24hr and I find my win rate is higher historically
Reasons for to go short
- moving averages or bearish - old support is now resistance - descending channel - RSI is bearish - candle on the 4th Jan 2016 broke below candle (indecision) on the 3rd Jan 2016 - stop goes above the 50 moving average