Posts

How to Identify Confluence Trading Zones on Exness MT4/MT5

Image
Confluence trading is one of the most powerful techniques used by experienced traders to increase accuracy and confidence in their trades. When multiple technical indicators align at the same price level, it creates a high-probability trading zone commonly known as a confluence zone. In this article, we’ll explore how you can effectively identify confluence trading zones using Exness MT4 and MT5 platforms. What is a Confluence Trading Zone? A confluence learn trading zone is a price area where two or more technical tools or indicators agree, indicating a potential reversal or continuation of the market trend. This could include the overlap of: Support and resistance levels. Fibonacci retracement zones. Moving averages. Trendlines. Chart patterns. Candlestick signals. The principle behind confluence is simple: the more signals that agree, the stronger the trade setup. Why Use Confluence in Trading? Confluence zones offer several advantages: Higher probability trades: More indicators al...

CHF/JPY Trading Guide for Beginners

Image
Among the vast array of currency pairs available for trading, CHF/JPY (Swiss Franc/Japanese Yen) is one of the most fascinating and potentially profitable pairs to explore. If you're a beginner in forex trading, understanding how to trade CHF/JPY can open doors to both strategic and financial success. In this comprehensive guide, we’ll walk you through the basics of CHF JPY tradingview , its key characteristics, factors affecting its movements, and tips to help you trade this pair effectively. What is CHF/JPY? CHF/JPY is a currency pair that represents the exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY). In forex trading, the first currency listed in a pair is known as the "base currency," while the second is the "quote currency." In this case, CHF is the base currency, and JPY is the quote currency. When trading CHF/JPY, you’re essentially betting on the value of the Swiss Franc against the Japanese Yen. If you expect the Swiss Franc to a...