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Identify great set ups with MTF and PA techniques ...
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[QUOTE="MTFMarty, post: 182096, member: 67362"] [B]EURCHF[/B] WEEKLY CHART: A bigger picture downtrend is in play here and price is pulling back into a nice area of potential resistance. Im not loving the candle sizes as price pulls back into this area but we are currently seeing a good reaction to this area with the 'still forming' weekly bar. DAILY CHART: Here we can see the reaction to this zone more clearly which is a nice sign of weakness. So now, I am waiting on some additional price action signals to confirm that price is reacting to this area, whilst waiting for a better entry area. For example, if I see a failed retest of the resistance area or if I see a nice looking lower high forming near to this area, with good looking price action to accompany this, then this will be a good time for me to start considering a trade entry. [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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