A little late here on a reply but thought I'd chime in. FX Moves in Ranges, and breaks out of the ranges for trends until it then again moves in ranges.
The following happens 95% of the time with this in mind.
At the top of a trend - or any time after you have had 1 pull back and a continuation.
If there's no prior pullback and a failure you've simply found a subsequent turn and the prior slow should be tested.
If there's a pullback and a continuation.. that pullback provides precedent for the next pullback. The next pull back will be almost the same in pips (magnitude) if it's greater than that, you are going into a range bound move. (95%) of the time. Do not trade until it breaks the extreme high, or the low of the most recent pullback.
If the second pullback is the same in pip magnitude, you're going to have a continuation.
The reason for this is volume and distribution. It stays the same and that's why prices move in diagonals and not round turns (most of the time +/- 97% of the time. When you have a larger pullback, sentiment is changing and volume on the weaker side is absolutely getting stronger just as the dominant side is fading.
I'm building a group of blocks to identify this with FXDreema. It's already in a Custom Indicator but I'd be glad to help along the way.

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