Market profile prep for Forex majors

Look at the absorption below the two stop pools.
The market maker was happy to grab the stops of many fools who are placing stops just below an obvious level.

By taking a second look. The pound has made a big h pattern for reversal.
In the second leg of the h pattern, it be a retracement leg or it can exceed the prior low for a bit.
My bad that I didn't even think about this possibility.

The h pattern is very common after a big impulse down.
After a big impulse the bears are usually excited and wanted to trade the second leg to the down side to capture some continuation. But as the price stalls at the low as the business of long liquidation is done by the strong hands, the weak hands are trapped. The weak hands are even more excited when they see the prior low being taken out.
But quickly the market maker snaps back on them. Stop loss orders are going to pop the market much higher from the low second leg where a big bulk of weak hands are trapped.

The h pattern can also turn into a three leg wedge which can be traded via Wolfe wave technique.

Another big h pattern is in swiss franc that it has just done a vicious stop run.
That stop run has completed the second leg of the h pattern.

During the week, I was busy with the equity indices. However, there are a couple of good trades I have missed in Forex.
The Yen short (USDJPY long) trade stands out that there is rejection bar on Tuesday from prior week's POC in the direction of the trend. It has tested back to give a second entry to hop on the trend. But I didn't even give it a bit of attention to that.

Pound reacting to the POC of month of March.

@BinChenUt Will you continue with this Thread? It is very exciting with me.