DislikedI'm still trying to figure out how confluence works - actually, I understand what it is as well as what tends to cause it....Ignored
I'm not totally sure about this myself, but if you look at the chart I posted you can see that I drew a couple of trend lines which showed the price being squeezed into the apex and The Ma's were moving closer together. Clues for the direction of the breakout are possibly the movement of the fast ema and that the price was making higher lows while being constrained by the 1.45000 resistance. The last couple of candles before the breakout also gave a double bottom pattern when they hit the trendline.
That's my take on it, someone who knows something will probably come along now and put me right !!
Just noticed there was a strong S/R at the 1.4470 area aswell, this combined with the trendline resistance is another clue.