@tradersnotes.ir: The strongest trading zones are often created when multiple independent factors point to the same area. In this setup, the market is moving in a bullish trend inside a rising channel. After a bullish BOS, we apply Fibonacci Retracement to the bullish leg and identify the key Fibonacci retracement zone where the correction may potentially end. Price then begins to retrace toward this area. The important part is the confluence: the Fibonacci zone aligns with the lower boundary of the rising channel. This gives us two important factors in the same area: 🔹 Key Fibonacci retracement zone 🔹 Rising channel support When price reaches this confluence zone and shows a bullish reaction, we consider the Long Entry from this area. For the target, Fibonacci Extension is used to project the potential next objective of the bullish move. 🔑 The key lesson is the confluence of BOS + Fibonacci Retracement + Channel Support + Fibonacci Extension, rather than relying on a single signal. 📌 Save this post and look for similar confluence zones in your next chart analysis. #Fibonacci #ChannelTrading #Trading
