DislikedHere you see a linechart - EU weekly - linecharts in higher timeframes gives an extra clue for big turning points (TRENDCHANGE), remember that behind any level stands an "area" of S/R. If you switch then to bar /Candle charts in LTF you have a better overview , finding best levels as posible. Its nicely visible "123pattern" as randolf posted http://www.forexfactory.com/showthre...16#post8792416 this is just my experience over the years {image} trade well and nice weekend HPTIgnored
It broke down through its uptrend line last friday and bounced off off its 200 daily sma yesterday, both of those are bearish, I think it is going down next week.
The Trend Is Your Friend