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Identify great set ups with MTF and PA techniques ...
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[QUOTE="MTFMarty, post: 182167, member: 67362"] [B]GBPAUD [/B] WEEKLY CHART: On the weekly chart, we are now starting to see price pulling back into a nice area of potential support which corresponds nicely to a nice upward trendline that has been in place now for some time. This is a nice trading area for us to expect a price reaction and there is plenty of upward potential here. DAILY CHART: The daily chart is still showing us that a downtrend is in play. There are no real reversal signs here yet and we will just need to wait for some more time until we get the right kinds of price action behaviour which align to our weekly perspective. [U]** There are a few AUD pairs showing some nice looking longer term potential opportunities so just be sure to manage your risk carefully **[/U] [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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