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Confluencesarekey

✔️Confluence Trading📍What is “confluence trading”? “Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade. You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal. Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Here are some indicators, chart patterns and candlestick patterns you can use for confirmation of your trade. 🔹Indicators Moving Average (MA) Relative Strength Index (RSI) Bollinger Bands Fibonacci retracement Stochastic Oscillator MACD Average Directional Index (ADX) Ichimoku Kinko Hyo Parabolic SAR Williams %R 🔹Chart Patterns Head and Shoulders Double Top and Double Bottom Triple Top and Triple Bottom Flag and Pennant Cup and Handle Wedge Rectangle Symmetrical Triangle Ascending Triangle Descending Triangle 🔹Candlestick patterns Doji Hammer Hanging Man Shooting Star Inverted Hammer Bullish Engulfing Pattern Bearish Engulfing Pattern Piercing Pattern Dark Cloud Cover Morning Star and Evening Star 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
CTKUSDT wants to retest the supply zonethe price had a breakout from the daily dynamic resistance and static one on 1.2$ and hot the market is testing the 1.4$ daily resistance. On the 4h timeframe, the price is creating an ascending channel and got the first rejection from the supply zone on 1.475$ How to approach? If the price is going to have the breakout from the 1.4$ confluence zone, we could see a new retest of 1.5$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
Major Confluence! Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line. Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence. 4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4 Hour 0.618 FIB, price will extend to the 4 Hour 1.618 FIB in confluence with the Daily 0.618 FIB where it will find major resistance **Waiting for bearish confirmation between 111.000 & 112.000** FXLifestyle - Trade Your Future
Short
by FXLifestyle
4