Confluence Zones combined with critical session highs, lows, blocks & fibs
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Re: Confluence Zones are the Trump Card
So EU is going lower normally. I think instead of buying you should wait for a retracement to the asian lows (it's a .50 number) or a bit higher to short the EU instead of buying.
Just my 2 cents
Price hit a resistance line @ 1.2774, broke and confirmed market structure and went back into an hourly order block, all while the USDX closed the weekend gap.sakib717 said:
So EU is going lower normally. I think instead of buying you should wait for a retracement to the asian lows (it's a .50 number) or a bit higher to short the EU instead of buying.
Just my 2 cents
Re: Confluence Zones are the Trump Card
thats a million for me thanks hopiplaka ! thanks for sharing your helping hand
Hopiplaka said:Price hit a resistance line @ 1.2774, broke and confirmed market structure and went back into an hourly order block, all while the USDX closed the weekend gap.
So EU is going lower normally. I think instead of buying you should wait for a retracement to the asian lows (it's a .50 number) or a bit higher to short the EU instead of buying.
Just my 2 cents
thats a million for me thanks hopiplaka ! thanks for sharing your helping hand
Re: Confluence Zones are the Trump Card
Also see the nice divergence on the 1H between EU (failed to make higher high) and GU, and when looking at the 5M chart, see the 3 indians heading into the OTE zone on the EU.
You're welcome. I do not know if it even reaches that high again, the move is already on its way.sakib717 said:thats a million for me thanks hopiplaka ! thanks for sharing your helping hand
Also see the nice divergence on the 1H between EU (failed to make higher high) and GU, and when looking at the 5M chart, see the 3 indians heading into the OTE zone on the EU.
Re: Confluence Zones are the Trump Card
I like this setup.
My only reservation is momentum to the downside slowing after the last drop combined with that big order block area being a magnet for stop orders above it. This might be one worth getting stopped out cheaply and early on the first try and taken again if we pass back down through the range.
GdayFx said:
I like this setup.
My only reservation is momentum to the downside slowing after the last drop combined with that big order block area being a magnet for stop orders above it. This might be one worth getting stopped out cheaply and early on the first try and taken again if we pass back down through the range.
the golden gun
RINSE & REPEAT
Re: Confluence Zones are the Trump Card
This is the set up we had on Aussie, you can see we had a sell off at the block confluence area, though only 20 pips or so, before price found support on top of the block, then rallied nicely...
there is also 1 pattern in this same chart, without the set up i have uploaded here, that shows a sensitive price level, can you guys see it??? it stands out like dogs balls lol
This is the set up we had on Aussie, you can see we had a sell off at the block confluence area, though only 20 pips or so, before price found support on top of the block, then rallied nicely...
there is also 1 pattern in this same chart, without the set up i have uploaded here, that shows a sensitive price level, can you guys see it??? it stands out like dogs balls lol
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