The5%ers Blog

What Make The Supply Above A Great Level For Sell Position 14/05/2019

price compression usdcad 14-5

As we can see on the 1D chart, the USDCAD price is struggling to move up, this kind of price behavior called “Compression“, the price move up step by step in a way that looks powerless, many Small candles, everything seems pressed, above us, there is a great supply which most probably holds many unfilled orders, that indicates a strong level, the combination of a price move up by Compression and a supply level creates a great opportunity for sell position, when the price touch the supply above, it’s the time to sell.

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