Vantage FX UK (https://www.vantagefx.co.uk/
) explores one of the smaller currencies on the market: the NZD, and compares it with USD. This reveals a confluence of things... Subscribe to this channel to ensure you never miss an episode.
A confluence arises when a trader sees two or more different strategies based on different principles combine to suggest the same trade. Such an event occurs when there is a definitive market move or a strong breakout after a prolonged sideways move in the market. Some will view a confluence-type strategy as one that reduces risk by attempting to add certainty, although others may feel that opportunities don't arise frequently enough.