Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
On the EUR/USD chart below we are looking to two times frames in one chart.
Many of us are looking to Momentum as well, but there is a different way to do this.
First, the red and green bars, as mentioned in earlier posts, are indication a change of the trend, which is a close above/below the previous weekly high/low.
The weekly bars are shown here as boxes.
The Balance Point (purple line) is simply the previous weekly High + Low + Close divided by three.
The amount this purple line is moving up and down indicate actually momentum which of course has to do with the previous weekly range.
Good to see what momentum is doing during the last week compared to the week before.
The trend change is only valid if we see a close, next week, below the previous weekly low, otherwise the uptrend will continue.
