The basics of trading ranges in Forex

The basics of trading ranges in Forex

When a pair is ranging ,the candles tend to shy away from support and resistance areas. Even though the highest and lowest points of the range seem random, you will find that they usually aren’t. This is pretty logical, but if you didn’t know already, it is something to take note of…

… Why you ask?

When price breaks significant support or resistance, it is an indication of renewed strength. When price action is ranging, renewed strength usually means a breakout.

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