I have 4 confluences. - Article -RSI divergence -Timeframe Anylasis - Fib
Low lot size risk management using position sizing and a minimum of 4 confluences. Keep in mind wen using the relative strength index don't rely on the common idea of entering the markets at overbought and oversold points. Rely on the divergence of range on the RSI instead. Fundamental Analysis should be done before Technical Analysis.
Expecting price to drop on friday during or after the conference
I trade with a minimum of 4 confluences at least but I have 5. My confluences are.... 1. Divergence 2. Trendline 3. Candlestick Pattern 4. Risk to reward Ratio mimum of 3:1 5. Fundamental anylasis