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