Price has been delivered to the supply with a compression format, which leads me to believe the zone will not hold.
When we see compression delivery, we tend to see a liquidity grab of the area before sells or complete disregard for the zone.
I will be avoiding sells until dollar bulls calm down and liquidity from the order block is taken.
57% of traders are currently net short on this position, don't get caught in the liquidity grab.
Wait and then execute after! ⚠️
When we see compression delivery, we tend to see a liquidity grab of the area before sells or complete disregard for the zone.
I will be avoiding sells until dollar bulls calm down and liquidity from the order block is taken.
57% of traders are currently net short on this position, don't get caught in the liquidity grab.
Wait and then execute after! ⚠️
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.