3 Confluence Strategy for Beginners in Forex Volatility Indicator Trading
What’s happening in the Forex market, traders? Today, in this article, I will teach you the multiple confluence strategy to trade the Financial Market profitably. I am currently on the ten volatility index, and the methods I use in this strategy are support and resistance in the market structure and Fibonacci .
Why Forex Volatility Matters and How to Measure It
Just these three confluences are enough to milk the Market. It’s Bay FX Bullish Academy with your one and only Legend team here. We never settle for less, keep working on producing the right signals and videos to help you grow, and continue to make consistent profits. We are the best-recommended broker D. We keep trading and never say never until we reach the top.
This is how I will look at putting in another cell because I also work with the price structure. Remember when we talk about price structure? Let me add more sales here; hopefully, it works out for you. So remember, when we talk about price structure, we’re talking about how Marketthe moves. Waves are okay. Market moves and waves give you some low highs for an uptrend and low.
Best Forex Volatility Indicator
This is a market right now that’s trending down based on the fact that this is a market in our time frame. We have higher highs, higher lows, and higher lows, so you can see exactly where I put the first sell; this was what we call an excellent support resistance shift, so when we say that support turned into resistance, it means that the price was initially finding support in that area. When we talk about support and resistance, we are talking about an area where the price reaches and pushes it back to the upside.
The price has been pushed up; this is support. It has been pushed up from here, and you can see that it has been pushed back to the uptrend twice, which means this is a support area. In this area, the price has only found a little bit of support to go straight to the uptrend, where the price was okay.
Learn how to trade Forex market volatility
You can see that this is a resistance price. The easiest way to remember it is that wherever the price stabilizes and takes off to the upside, it is supported, and whatever price gets resistance and goes down again is good resistance. So you can see that this is another support area. Look at the way the price sat there for a while before turning back to the upside.
If the price has sat in this specific area several times in the past, and even when you see it stabilizing slightly, the price also turns into resistance. Another thing is that you can also add your Fibonacci, which is to get more confluence points, so if you By checking, for example, uh let me bring in my Fibonacci if you can see here, you’ll notice that the price is at 50% okay it’s starting to pull back.
So that’s one confidence that makes me also put this trade in this second trade thinking that’s going to fall deep into 0% Fibonacci levels, okay, so having your support and resistance and also having your Fibonacci can also give you a good strategy, it can provide you good strategy and a good performance against the Market.
Remember, the three things I use are Fibonacci levels of support and resistance and my market structure. Market structure is crucial because you want to avoid trading against the Market when the Market is trending up. You want to look for buying opportunities to deal with a trend, and if the trend is down, you want to become bearish by selling the trade with the trend. Only go against the trend if you are a scalper; you want to get some pips and leave.
You can see if you’ve moved to the one-hour time frame that we’re getting close to. We’re not quite there yet. Interestingly, I’ll show you some things here that look like they’re going to go right up, and they could, but they’re probably going to continue to Consolidate if they continue to go up because we are not interested in being overbought yet.
The truth about the Forex volatility indicator
Certainly, you know it rhymes in terms of this issue, so if you go down, you can see that we’re getting close to the old oversold area. We’re getting down to that line, and we’re probably going to bounce there now. Now, interesting things are happening, which is that we’re getting close to the level that we will be at in the very short term.
Maybe the support is very weak here, not even really. If you draw it technically from there to there, we have weak support. We will probably go down and hit that line at about 1250, but we will probably bounce at that level. The bottom is doubled on the right, but we have a left shoulder, a right shoulder, and a head.
So this is bearish pressure, which is funny because it coincides with the U bulls trying to show here that the bulls want to pump it up. A double top is possible at level 12. The vulnerability indicator will probably be at 1,250 at the 5,260 level, and we will probably start to drop back down, but I think we will almost get to that level.
I think we’ll continue to test this trend line that we’ve already tested once. I think the next test on the way up will be, you know, from 15 to 16. We’ll come back down, maybe test it again, come back down, and test it again, and what happens. I think what’s going to happen here is speculative. But during election time, Biden, with all you know, school education programs, loose money policies, loose money, anything is going to have two purposes.
إرسال تعليق