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Confirmation

CONFLUENCE TRADING | YOUR KEY TO ACCURATE ENTRIES 🥇 If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones . Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market is bullish; it should match lower highs if the market is bearish). Once the trend line is confirmed by at least two touches and consequent reactions , you can look for a confluence zone. 1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line. 2️⃣Take the last impulse in the direction of the trend. Draw a fib retracement based on it (swing low to swing high in case if the market is bullish, swing high to swing low in case if the market is bearish). 3️⃣Take the previous impulse (it must be in the same direction as the initial one). Draw a fib retracement based on it. 4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line. In case if two retracement fib.levels & trend line match, you found a confluence point. 5️⃣ Apply it as a safe entry point. You will get a perfect trend following opportunity. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
Education
by VasilyTrader
2
Bitcoin AnalysisBINANCE:BTCUSDT Now the price has returned to the bottom of its own triangle and the situation It takes a lot of risk to enter and even The bottom of the triangle is broken once and this means for the second time Breaking the floor of a triangle becomes dangerous and friends witness one We are also a model of head and shoulders that if we want to proceed according to the pattern For we have to wait for the price of the neckline broken upwards Be and stabilize, then the conditions for entry are good
by Dicoinex
Script introduction: Volume Confirmation by BobRivera990The purpose of this script is to determine the response of trading volume to price action This is not an indicator but a set of four signals Bullish Strength Signal (Upward Green Triangle) : " If the resistance is broken with a small upper shadow is valid" this signal indicates the continuation of the bullish trend The trading volume in the last 7 candlesticks is relatively high If the bar is closed above the resistance level , It will probably turn into support.
BITSTAMP:BTCUSDLong
by BobRivera990
SUNDAY MARKET BREAKDOWN - MY WATCH LIST FOR THE WEEKHello traders and welcome to my weekly market breakdown In this video i will briefly run through my watch-list using technical analysis. Once these pairs give me a signal to trade i will place it into my community here at Honest Financial. I hope you have found this educational? If you like our content please like and follow the channel. Please comment below for feedback and what you would like to see regarding education or an asset analysis breakdown.
by HonestFXTA
NEOBTC (09-04-2021)Key Support Levels: - Fib Retracement 0.618 level (recent swing low to swing high) - Trendline (Two previous swing lows) - Anchored VWAP (Second & Third previous swing lows) - Fib Speed Resistance Fan (Second swing previous swing low to current swing high) - Key level (Old previous POC and Local LVN) - Monthly level (High time frame) - Fib Channel 0.25 level (High time frame swing highs and low) - Rising Channel Bottom (Previous - Current swing high to swing low) So we got a lot of nice non-biased levels that coincide in one location. I'm predicting that we will bottom out in around 2 weeks (according to fib time) plus we have plenty of reasons to bounce. It will be nice if we see the formation of a bullish reversal pattern heading down toward these levels along with strong bullish divergences. For example, a high time frame candlestick reversal pattern along with a mid/low time frame classic reversal pattern or a bullish harmonic pattern that provides an entry that also coincides with these support levels.
Long
by mcryps
EURUSD running in circlesHello ! For the moment, we have to wait to see if it reaches 1.9150 at first. As you can see, that level became somewhat of a support level, therefore entering a position without confirmation is a bad choice. After the level is reached, we should see if a long is a good option or not, because there are a few hundred pips worth taking, as an intraday short term trading. This is just an opinion, use due diligence, stop loss and take profit, after making your own analysis. Many thanks and cheers !
by MBGD