EUR USD
Scalping only
Price showed weakness at the end of liquidity which means price would retest the area from where the move was originated and continue to move upward to make a lower high on H4.
Initially trend was up and everyone was anticipated that trend would continue so place their stops below previous higher low.
But when price broke the level, all these stop orders plus retail traders' short orders created large bearish candles.
After that traders who were short from the highest high started to take profit and also retail traders thought of resumption of original trend that created some liquidity and bullish liquidity candles formed
Scalping only
Price showed weakness at the end of liquidity which means price would retest the area from where the move was originated and continue to move upward to make a lower high on H4.
Initially trend was up and everyone was anticipated that trend would continue so place their stops below previous higher low.
But when price broke the level, all these stop orders plus retail traders' short orders created large bearish candles.
After that traders who were short from the highest high started to take profit and also retail traders thought of resumption of original trend that created some liquidity and bullish liquidity candles formed
I come from the future.
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