Setting-up Ranging Strategies
A range bound market offers various opportunities to profit in this market. In this example, the range trader was able to use the zigzag motion to his/her advantage, by simply identifying major support and resistance levels, and then buying at the support level and selling at the resistance. There are various technical indicators that can help determine times of entry and exit points, yet the selection of the currency pair is still the essential and the first step in employing this strategy. Some currency pairs that are known to trade in a range bound market are EUR/GBP, EUR/CHF and CHF/JPY.
PT. Mentari Mulia Berjangka | Rekomendasi Pialang Berjangka Terpercaya« Back to Glossary Index