Hello to all who watch my charts.
Here I would like to introduce you to an example of Range Trading on the basis of the pair AUDUSD
Please keep in mind when doing a Range Trading that it only works for a short time.
Please check the situation in the future carefully whether the pair stays in the range.
No FX pair or index will normally stay in a constant range for a long time.
But once you have found such a situation this can be a very lucrative thing.
Let's look at AUDUSD here
The pair has been moving in a range of about 18 April
from 0.7070 to 0.7130
I marked it red
Buy in the 0.7070 range and sell in the 0.7130 range, or go short in addition at 0.7130 and again long at 0.7070 thats the way the money flows
The points that were touched the most I marked red for a possible on or off and the wider ranged, general chart support and resistane zones which are a bit more wider i marked in blue
Good trades
Here I would like to introduce you to an example of Range Trading on the basis of the pair AUDUSD
Please keep in mind when doing a Range Trading that it only works for a short time.
Please check the situation in the future carefully whether the pair stays in the range.
No FX pair or index will normally stay in a constant range for a long time.
But once you have found such a situation this can be a very lucrative thing.
Let's look at AUDUSD here
The pair has been moving in a range of about 18 April
from 0.7070 to 0.7130
I marked it red
Buy in the 0.7070 range and sell in the 0.7130 range, or go short in addition at 0.7130 and again long at 0.7070 thats the way the money flows
The points that were touched the most I marked red for a possible on or off and the wider ranged, general chart support and resistane zones which are a bit more wider i marked in blue
Good trades