Strategy Video: Identifying Range Trades in Range Conditions
• Low volatility and well-establish technical boundaries sets the stage for a market predisposed to range
• Looking for individual opportunities in a range market involves technicals, themes and event risk
Patience is a virtue most traders struggle with. They want trades. Fitting your analysis and seeking setups that fit broader conditions is your best bet for finding active positions rather than optimal scenarios for weeks and months into the future. With a backdrop of persistently low volatility, well establish trends and themes that are currently balanced; we are looking at a bigger picture more conducive to range and congestion positions. In today's Strategy Video, we look at how to establish our market type, filtering individual opportunities and assess some of the majors.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.