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Re: Trading XARD system (Christmas Setup)

josi, Thu Apr 09, 2020 1:39 am

as you can see GBPJPY tried to break out on H4 but finds it very hard to follow through.
So you check lower TFs in order to see how strong the buyers look.
On M15 you have divergence.
The example (below) shows the weakness of buyers on M1 - so: most likely this attempt will fail and we don't enter a trade.
The situation may always change, of course, and then we would reconsider but for now this is what happens:
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