“the trend is always right”

Have you heard the above phrase before? 🙂 Especially in forex which is known to be a rather trending market.

Whether you are following or against the trend, will make or break your trade.

Take a look at this M60 screenshot of the EUR/USD last week.

Any shorts placed within will probably end up in disaster. ( By the way if you are wondering what the curved lines and smiley means, take a look at my Koala System. )

Therefore whenever you are about to place a trade, zoom out to a longer time frame and take a look what is exactly happening.

Is it a continuation of the drop from last night or merely a breather from a week old raise?

Trade safe 🙂

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