As clear from title, I am talking about "Support resistance" (short term barriers as there are no terms associated with S/R In my trading)"Trade Locations" and "Final Auctions". These Terms are know to every Forex trader but How Important role they play in developing a successful trading career.
Nobody knows this answer, As these terms are incomplete without each other and When you trade any strong supply and demand market you will have to take them all together and then think about making consistent money.
I mean to say when a trend is maintained throughout and became an elongated trend and you find some sideways movement and then downside take momentum but it is faded out immediately, That means that imbalance is still there in the market and It will offer entry at good price.
Take a look at the follow chart of gbp/chf
Pair is in strong elongated trend, amid strong "Great Britain Pound" Across the board.
gbp/chf FInal push Break the equilibrium and all the barriers.
AS I have stated in my posts, there are strong convictions that when you approach that type of trading methods , the chances are that you might fail to understand the momentum when it hits the market, But the truth fact is that trend is often part of imbalance and till the time, price does not break the floor with strong downside candles, the chances are very big that trend will continue after "accumulation" end and distribution phase started.