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| GBPCHF M30 |
Just want to share another
Compression example. I was watching the pink line for PA to go short on this one, pity price started free falling before even reaching there. Again notice how sharply it fell? This is because there was no more demand left to stop price. It is important to note that once price has reached the origin of the compression, there is no saying whether it'll continue to fall or rebound. As such it is important to take partial profits or move the stop then. I must say Compression is one of the most well kept secrets in the trading arena, its just amazing why books don't teach this.
