Different Forex Strategies tells us that what candles and indicators are doing with current Strong or rangebound trading.
But when You see immediate bounce when there is new low or new high that reverse the price, then it is known as No support show from other timeframes and the bounce might countinue lift price specially if there is shift in value immediately.
Different Forex Strategies points to different price behaviour
Following the explanation of above mentioned comments, I am posting a recent updated chart of eur/cad when we spot such activity and there could lot more to come ahead of Canadian GDP data which is due to release today, So If you are good enough to spot another low risk entry then this chart can fetch some good profits.
Recently I have supported such activity in Eur/cad Chart