FOREXNIBBA

FOREXNIBBA

- 1Hr. Engulfing Candle - Break & Retest - 5Min. Pin Bar Candle - 3 Leg Extension - Sma's - Fib. - Rsi. Divergence

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6 Confluence Trade - Weekly HIgh Prob. Engulfing candle - 4Hr. Break & Retest - 4Hr. High Prob. Variation Candle - Fib - Sma - Rsi Divergence

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Got a 5 confluence setup 1.) 4Hr Break and Retest 2.) 4Hr Engulfing candle 3.) Fib. 50% 4.) Sma Crossover 5.) Rsi Divergence

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Got 6 Confluences to take this trade 1. Daily Engulfed 2. Break and Retest 1Hr Tf 3. 1Hr Engulfing 4. Sma's 5. Rsi Divergence 6. Fib

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4Hr. engulfed went to smaller TF to see a break and retest and found my entry.

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1Hr. did a Break and Retest and gave us Engulfing Candles . Go to the lower TF (30min), see Support and Resistance area form, and waited for a Retest . Entry was the 5 min TF when I saw the Fake-Out in 23:30 - 00:00, and saw pure Bearish Candles . Tp is where the 1 Hr lows have touched many times. Let me know what you guys think. And if you think...

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Reasons to enter this trade

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If this closes bullish with high momentum I would be looking for another entry. I have my Break even, Take Profit, and my Final Take Profit. Hope I helped someone here

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I always do a 1:3 ratio, but lets see what happens.

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Previous resistance became support not only that but there's confluence with the golden zone on Fib. the Ma.'s crossed and is above the 50 MA. and there's a hidden divergence on the rsi showing that its going long. take entries on the 1hr. maybe the 4hr. hope you guys liked this quick analysis.