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Understanding Confluence - Part 2 | Vantage FX

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Understanding Confluence - Part 2 | Vantage FX

V
vantagefxuk

10 Views • Aug 21, 2013

Description

Vantage FX (www.vantagefx.co.uk) explore the importance of Confluence - how indicators can come together and provide important information for traders.

Confluence

In the second part of this series we look at how Fibonacci, moving averages and resistance levels combine together in a confluence, all supporting a price movement. This combination provides a 'more likely' scenario for an upward price movement.