$MAGIC at Confluence
Updated
Confluence or High Quality trading is where 3 or 4 technical signals merge with each other.
MAGICUSDT showed up a nice confluence with FIB Levels, Exponential Moving Average, Trendline break and all that at Support zone.
This High quality trade is what a Daytrader should always patiently wait and look for.
All my level are marked in the picture. Let's see how it plays.
MAGICUSDT showed up a nice confluence with FIB Levels, Exponential Moving Average, Trendline break and all that at Support zone.This High quality trade is what a Daytrader should always patiently wait and look for.
All my level are marked in the picture. Let's see how it plays.
Trade closed: target reached
A quick Green trade. Signing off
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.