hello, guys, this is shubham tamrkar and today's topic is about indication and confirmation this is one of the most important to identify indication, first of all, I will talk about the indication, what is indication actually???
so indication is that which give you powerful hint to go either long or short, as I am a technical analyst or trader also I always searching for a good indication either long or short,
I know this is looking to very easy to find out a good indication but it is not actually as easy as you think,
to find out good indication in particular stock or product you should have to spend some time with the technical chart and when you spend time with it you can easily to find out the move of the candles in my last blog I had a talk about the art of reading candlesticks pattern so must-read that blog.
so the conclusion is that indication is very important to initiate the trade and more important to get the confirmation of this indication and make sure that confirmation will be your last indication
I will show you the indication or confirmation of how I identify it,
this is the daily chart of GBP/AUD FOREX PAIR and you can easily see that this is moving within an ascending channel and from the 2 months and this is not in this is top of ascending channel
now this is a three-hour chart where you can easily find out this is going to go short from now and
and this is the one-hour time frame where I forecasted chart for short and I am going right the trade is still not complete but is continue till 
this is looking like this now so and I get the confirmation and I am also short on this
so I get the exact confirmation of my indication so
this is the importance of indication and confirmation in technical analysis
I hope you enjoyed it
stay tuned
Happy trading
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