Disliked{quote} SJ, Your observations make so much sense. Looking at the daily/H4 charts, I see why the H1 setup is a no-go and resisting. Overall trend down and a H1 candle ain't breaking that. {quote} Ray, A look at the bigger picture - H4 or daily shows institutions right on top of the shorting situation. They got things in control and going against would have been self-hurting. But the candle warned us even on the H1 chart narrow view - by failing to break resistance.Ignored
Think of it this way...
The daily chart is the king.
The 4 hour chart is the queen.
The 1 hour chart is the prince/princess.
Their are some traders here who are very good
and can trade the short time frames very successfully.
But they know exactly what they are doing
sj