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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.