NZD/CHF

Nzdchf

59
What is confirmation?
Look at this price story:
There is something on the left that hold price we call it number 1.
Traders quiz: why?
Why price stopped here?
We also have something that keep price down and we call it number2.
Again quiz: why?
This is a range area where supply and demand are equal .
Buyers or sellers?
Who may control the game?
Which one is winner of battle?
We also have a blue flash where buyers cleaned sell orders and engulf number2 area.
This is a confirmtion but keep in mind most of time after this scenario price retrace to load main orders from where there is a clear decision .
This is very simple and can help you understand how to play in market when there is a similar story.
Have a safe trading week.

Penafian

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