Confluence occurs when multiple ideas or strategies are used together to form a single, coherent idea or strategy.
concept behind the above mentioned trade is
The horizontal support trader, trend line support trader and 50 Ema support traders will push the market up
When is the right time to enter the trade
We have to wait for the current minor trendline to break( minor trend line mentioned in the chart)
once the minor trendline is broken there is a high probability the price will go up
Note:
Its just my point of view, Please recheck and enter the trade with proper risk management.
Also I have attached the links of similar trades that I have taken based on this idea
concept behind the above mentioned trade is
The horizontal support trader, trend line support trader and 50 Ema support traders will push the market up
When is the right time to enter the trade
We have to wait for the current minor trendline to break( minor trend line mentioned in the chart)
once the minor trendline is broken there is a high probability the price will go up
Note:
Its just my point of view, Please recheck and enter the trade with proper risk management.
Also I have attached the links of similar trades that I have taken based on this idea
Order cancelled
As stock didn't break the minor trendline, the trade was not taken
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.