Disliked{quote} Adhavan ,still needs work. Not much room to first FTA. Even if first FTA is broken , you have a second one. See the daily on audcad , we are bullish after yday's cash rate announcements from RBA. {image}Ignored
Thanks for your explanation.
Here I noted my understanding..
1. FTA is nearest S/R zone from PA, which have more touches (High of the bar or close of the bar) towards the market direction.
2. FTA should be locate high to low or vice versa, not right to left.
3. FTA need not be a Support or resistance line, it may be have both.
Adhav.