The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity. Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys) With this...
Hey guys, i expect this pair to be bearish after taking out the buy side liquidity
After analyzing price action we can possibly see a run on buyside Liquidity knocking out sellers who are trailing their stop losses and also to activate buystops , filling in Fair Value gap to then sell off BUY TO SELL.. Looking for price to respect high to then create a lower high
Price pulled back to the Weekly Bearish Orderblock. Price gave signature reversal trapping pattern on M15 trapping most retail traders long. TP targets are where the lowest levels of retail stop losses will be located which is where the Smart Money will bank their profits.
Sell Side Liquidity purged ,we can possibly see a run on Buy Side Liquidity then maybe a fake out ,back to the down side