Key Price Action Signatures: The Liquidity Purge (Fake out) What Happened: The massive red drop on June 5th violently broke below the ascending trendline support. The Reaction: Instead of sustained follow-through, price immediately printed a cluster of indecision/doji candles at the swing low (near 1.33200), followed by an aggressive bullish rejection. Technical Verdict: This is a classic liquidity hunt (stop-hunt). Ground orders resting below that trendline were triggered to fuel institutional buy orders, resulting in a false breakdown. The Ascending Trendline Retest Price has aggressively reclaimed the trendline and is currently trading right at 1.33958. The current 4H candle is pushing hard against the underside of the key 1.34000 psychological level. How this candle closes relative to 1.34000 and the trendline is crucial for the next directional bias. @tradingview
