If you are struggling with the identification of accurate trading entries,
you definitely should try confluence zones .
Note: there are hundreds of variations of confluence elements.
In this example, we will discuss trend lines and Fibonacci.
❗️To identify a confluence zone, the price must follow a trend line
EUR/USD is on heavy Consolidation
EUR/USD is getting Hard and Challenging for Traders. With a Hefty Risk.
Previous Two days of Price Action has been Considerably in a Pattern.
Changes could happen only when there is a Heavy Impact of News
This Day Could end with Either a Doji or Potential Bullish Candle.
Today is not Suitable for Trading in...
EURUSD extends the previous day’s downside break of an ascending support line from March 31 on early Thursday. In doing so, the currency pair prints the heaviest losses in over a week ahead of the key US ADP Employment Change and ISM Services PMI. Though, bullish MACD and upbeat RSI could trigger the quote’s bounce off 21-day SMA level of 1.2172, if not then April...
EURUSD has reached the target that it gave after the breakout. Now it will give some fresh levels with the trend. It gave a bearish engulfing candlestick pattern at the top of the bullish trend. Now fall is in wait.
Trade is not recommended
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