Let me know if my reasoning makes sense.
H1 – The overall trend is clearly bearish.
So, what am I waiting for before taking an entry?
Hypothesis 1
I look for a pullback — which already happened — marked by the yellow DOT on H1, the pink dot on M15, the arrow on M4, and the square on M1.
From there, I expect the market to resume the bearish trend. But how do I confirm that continuation?
I wait for the second signal:
The yellow DOT on M4 and the pink dot on M1.
Once price crosses the EMA on M4, I wait for the candle to close and then enter on the next candle.
Hypothesis 2
I wait for the first H1 candle to finish bearish, which confirms the EMA break on H1. Then I look for a pullback — represented by the yellow DOT on M1 — and on the rejection candle, I enter short, targeting the next daily low.
Re: 🔺 MT5 XARD - Simple Trend Following Trading System
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