Here is how I got a very quick (1 min trade duration) +21 pips from a good confluence this morning at GU. Explanation on chart, I used M1 for fine-tuning my entry & exit. It was good for 40 pips (if I was brave enough) before reversing.
Kostas
P.S. (edit). You will notice that the confluence area is not an exact number. I knew there is resistance at the confluence but I didn't take the trade at exactly the round number. I let it overshoot (as it always does) and then took it short.
Kostas
P.S. (edit). You will notice that the confluence area is not an exact number. I knew there is resistance at the confluence but I didn't take the trade at exactly the round number. I let it overshoot (as it always does) and then took it short.