Hi traders ! Here I am again putting lot of emphasis on Price and Value Distribution, Where I have again seen some momentum shift after Rangebound sessions extended i.e Usd/chf. Lot of time traders would think that price breakouts out of range in slow momentum trading is false and again look to short at Price extremes.
But Issue With Novice traders remain the same as they are not willing to accept what they see and Look to react looking historical support and resistance and Counter-trend moves.
But true fact of trading is Price is in strong trend and got rejected several times when it lean away from higher prices, But recent momentum look strong and Instead of remain in rangebound market conditions price has shift gears and approaching the multi-year high.
Price Action Pattern Explains
Chart above explained the Value of price and time and when it got rejected several times it does not take too much time to shift the value much higher and go through extremes which react as support or resistance. That's the truth of trading which often tells us the fact that every support and resistance has to broken some day or another and Its upto trader to react to those areas or just leave it to fade those areas as not all the areas of price has significant importance to market.
