eurusd falling out of the sky

on the four hour chart i see a failed to gain level which is untested where price is hitting now. this cahrt also tells me that there was a previous swing high what was lost there for classing this has a down trend overall, there are a lot of short sellers in the rectangle region where there is liquidation so price flyes threw that to hit my untested level to take out stop losses for then to fuel the move down long term