Managing Your Trades – As a technical trader (or using technical analysis), you need to always be aware of as many technical indicators as possible (within reason).
We want to be able to identify possible trading entries, anything that conflicts with it and in consideration of the trade itself, what I refer to as ‘key hurdles’. When Trading the Forex Market its so important to understand that Forex Trading Alerts help all traders globally. Managing Your Trades easily with out up to dte trading alerts via Telegram and WhatsApp.
do I hold based upon the candlestick formation for bigger gains, or conversely close it out).
What is technical confluence
At the time the short position was taken, this is something I highlighted immediately. A merge between two TA tools: support and an outside touch of a trendline.
Once yesterday’s session closed, we saw a doji like candlestick form.
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Benefits of technical confluence
The more confluence we can find, the more we’re shifting that sensitive equilibrium of risk and reward into our favour.
If you know that the majority of market participants and analysts consider some aspects of technical analysis, then it’s worth considering in your analysis.