Expectation: Break of trendline → retest → drop toward 1.34450 liquidity.
Momentum is exhausting near resistance, and price is now testing a key ascending trendline...We’ve swept short-term buy stops and failed to sustain bullish continuation.
Buy-side liquidity above recent highs has been swept.
Now, sell-side liquidity rests below 1.35240 (marked in red), a key equal low / internal liquidity pool...Below that, there’s a clean draw to the 1.34450–1.34143 imbalance zone, where liquidity and inefficiency align.
Price could pull back after the trendline break, then resume bearish continuation.
Momentum is exhausting near resistance, and price is now testing a key ascending trendline...We’ve swept short-term buy stops and failed to sustain bullish continuation.
Buy-side liquidity above recent highs has been swept.
Now, sell-side liquidity rests below 1.35240 (marked in red), a key equal low / internal liquidity pool...Below that, there’s a clean draw to the 1.34450–1.34143 imbalance zone, where liquidity and inefficiency align.
Price could pull back after the trendline break, then resume bearish continuation.
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iSmashProfit
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.