THE ULTIMATE CHART ANALYSIS

PLEASE USE WITH 15 MINUTE OR HIGHER TIME FRAME CHARTS Profitable strategies have one thing in common – confluence. Confluence simply means the “coming together” of several factors. In trading, you would often find scenarios or market conditions wherein several deciding factors, such as price action, candlestick patterns, indicators, etc., come together indicating the same trade direction. These are the kind of market conditions that usually produce high probability trade setups. Almost all, if not all, profitable strategies make use of confluences. The Trend Magic RSI Forex Trading Strategy is a strategy which provides trade entries based on a confluence of two complementary momentum indicators. This gives traders an opportunity to trade the market with a high probability trade setup, giving traders a higher chance of success.

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