How to spot a trade - Using confluence #forex
Update: I bought part of my planned position without confirmation at support s27.postimg.org/kfs0ny59v/Capture.png .. I am looking to add now.
The price is approaching a key are:
Waiting for my final confirmation to go long. Alternatively if it breaks lower, would look for final confirmation to go short. Will be updating on confirmation...
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Good luck, keep your stops tight..
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My best regards
Technician
The price is approaching a key are:
- Confluence of two major support levels(Previous major swing high on daily and weekly charts)
- 50% retracement level for the bullish wave starting from january
- 161.8 extension for the latest bullish pullback (wave AB)
- Bullish divergence on RSI
Waiting for my final confirmation to go long. Alternatively if it breaks lower, would look for final confirmation to go short. Will be updating on confirmation...
Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
------------------------------------------------------------------------------------------------------------------------------------------------------------
Good luck, keep your stops tight..
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
