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
Note
Confluence Trade 30m chart - I will enter on an open/close 30m candle below the 50% fib.
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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.