Trading Technical Analysis Masterclass Master The Financial

You need 3 things to align (Confluence).

Level: Beginner to Advanced Reading Time: 20 Minutes Trading Technical Analysis Masterclass Master The Financial

Before drawing a single line on a chart, one must understand the underlying philosophy. Technical analysis is not about predicting the future with a crystal ball; it is about assessing probabilities based on historical data. You need 3 things to align (Confluence)

Before we draw a single trendline, we must understand why technical analysis works. stopping a decline.

Buy at the close of the Pin Bar. Stop Loss: 5-10 pips below the Pin Bar low. Target: The recent High (Risk:Reward 1:2 or 1:3).

A level where buying interest is strong enough to overcome selling pressure, stopping a decline.