Good Evening all…
Firstly I want to thank everyone for taking part in that quick exercise from earlier on…
These exercises are critical in helping you develop “the eye” for understanding how to read price…
I promise you, the more you exercise the eye, you will impulsively be able to grab trades no different to the way i took those scalps last night…
Here are the 8 confluences that i came up…
1 psychological high test
2 50 ema pointing upwards
3 pivot zone
4 m2 confirmed support due to be tested again?
5 50 ema pin to the 50
6 ADR still has 15k pips to move
7 TDI showing low volatility to the downside
8 green candles recovered…
This is not a case of who is right or wrong…Remember our goal is to gather as many confluences as possible so that when price moves, there is reasoining behind it that we can justify…
See you in the stream
Tino
