EUR NZD
After the engulf, price was very unlikely to break back through the extreme of the supply zone it just came from.
The unfilled sell orders were lined up there.
A nice engulfing candle that was the final PA confirmation that price was going down.
The supply zones were easily drawn in advance, just waiting for an engulf clue then return, so this is not just hindsight.
After the engulf, price was very unlikely to break back through the extreme of the supply zone it just came from.
The unfilled sell orders were lined up there.
A nice engulfing candle that was the final PA confirmation that price was going down.
The supply zones were easily drawn in advance, just waiting for an engulf clue then return, so this is not just hindsight.
I come from the future.
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