Disliked1. If Weekly is down, NO(!), the price does not have to go that way!
2. Yes, moves start with the smallest TFs and grow from there.
What you must understand is that charts are history only! Each new day, once the BBs come out to play, the price will move "their way". And, believe me, "their way" doesn't have to have anything to do with the price history shown on charts! Each new day starts a whole new ballgame!
And when GU prices break the lower TL shown, the Profiteers are going to blow your 1.62xx prediction all to hell!...Ignored
Again check them on gbpusd on 1h, you will see that the drop below 200 sma is still just fake, because 10 sma havent crossed 200 sma yet .
When 10 cross 50 I will go long, when it crosses 200 I will go short on 15 M for intraday.
Wonder what u think ?
By the way what do you think about euraud, can I have a volume and wave analyze on that