Tag: ranges

Forex Market Analysis

Look traders, the moment you think you have finally figured out how the market works, it changes its behavior…

And that’s the reason we always need to be adapting to the market conditions.

Always.

In fact, I believe that it is the single most important aspect of trading, not only forex, but all other markets.

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Like to trade ranges? See the NZDUSD

Traders say the market ranges from 70 to 80% of the time. You think that’s right?

Well I don’t know… what I do know is that we need to adapt to the market condition:

  • If the market is range, trade both extremes of the range
  • If it’s trending up, look for long opportunities
  • Trending down, look for short opportunities

That’s it! How difficult could it be?

Here is the NZDUSD, it is clearly trading in a short term range:

Are you trading this one? Let me know.

Raul Lopez
Forex Training

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