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What is Confluence Trading?
🔑 Combining multiple techniques for higher probability trades.
🎯 The more factors aligning, the stronger the setup!
Key Elements of Confluence Trading
📐 3rd Trendline TouchExample: Price bounces perfectly off the trendline.Why It’s Key: Confirms the trend is valid.📊 Fibonacci Levels (61.8% Golden Zone)Example: Price retraces and reverses at 61.8%.Why It’s Key: Aligns with key support/resistance.🌟 Morning Star Candlestick PatternExample: Bullish reversal candlestick forms at support.Why It’s Key: Indicates a strong buyer comeback.
Confluence Trade Recipe 🥇
Spot a trendline touch.Check for Fibonacci alignment (e.g., 61.8%).Look for bullish candlestick confirmation (Morning Star, etc.).🎯 Enter confidently at the confluence zone!
Pro Example
📈 Setup:
Price touches trendline at 61.8% Fibonacci retracement.A Morning Star candlestick confirms bullish reversal.
🔥 Action: Enter long position at confluence, with tight stop-loss below support.
Why Confluence Trading Works
✅ Reduces risk.
✅ Confirms trend strength.
✅ Aligns multiple signals for high-probability setups.
Key Tip
🕒 Patience pays! Wait for all signals to align before jumping in.
💼 Use confluence to stack the odds in your favour and dominate the charts!