Confluence occurs when several technical indicators give the same trade signal.
Price is at 50 sma and in between a black 38.3% to 61.8% fib.
Long take profit range in between 2 fibs at -27.2%
Short take profit range in between 100 sma & a 50% red fib & 127.2% black fib
Price is at 50 sma and in between a black 38.3% to 61.8% fib.
Long take profit range in between 2 fibs at -27.2%
Short take profit range in between 100 sma & a 50% red fib & 127.2% black fib
Comment:
Confluence Trade 30m chart - I will enter on an open/close 30m candle below the 50% fib.
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