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Identify great set ups with MTF and PA techniques ...
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[QUOTE="MTFMarty, post: 182094, member: 67362"] [B]CADCHF[/B] DAILY CHART: A nice looking correctional trend upwards that may be nearing completion (for me, this still has enough room left in it to be interested, but I understand that the attractiveness of this set up will depend on what trade management approach / trading style you are using). Price has now retraced down into a nice area of support which means we are entering int a high probability trading zone. 4 HOUR CHART: We can see a clearer picture of price heading down into support and on the 4 hour chart, we would now want to see a clear sign that price is reacting to this area and heading into the other direction. This is another example where a trade set up is not yet valid for me because there are no clear signs of reversal patterns on this lower timeframe. [I]This is a watchlist item at the moment and Ill just keep an eye on this as things continue to play out.[/I] [/QUOTE]
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