Confluence

We need to look for confluence when trading, giving us more confidence in our trade ideas, set ups and entry points. Using the higher time frame levels ie monthly highs and lows, weekly highs and lows, daily highs and lows, order blocks, liquidity pools etc. when time of day aligns with price at any confluence level, then this gives us an edge when we already have in place our selected confluence zone. As a strategy on a high time frame chart, place a line using bodies of the candles, blocks, highs & lows that all align, wait for price to develop onto this level on a lower time frame, for optimal entries, or simply maintain trading of the higher time frame chart using larger stops @ 1 - 2% risk to equity. study these charts closely as the 3rd example has a lot of information within the chart.