If you like to trade ranges you are going to like this.
You know, sometimes we spent too much time trying to find the trend of the market, but most of the time, in fact, around 75% of the time the market is trading in a range.
So we need to trade them… Here is a good one in the CHFJPY:
CHFJPY Analysis, forex ranges, range trading
Most of the time, when the market gets near an important long term level, it tends to trade a short term range (which is what we call the “zone” – or The SF Box).
When it gets to that level there a fierce battle between buyers and sellers and it makes the market range.
And this is the time for us to look for range trades. For instance, this is the EURNZD hourly chart:
EURNZD Analysis, forex, forex ranges, range trading