2024-12-27 06:26
Industry Profiting in Sideways Markets 🔄📉
Not all markets trend, and knowing how to trade ranges is crucial. In a range-bound market, identify the upper resistance and lower support levels. For example, if EUR/USD is bouncing between 1.0800 and 1.1000, sell near the top and buy near the bottom, with tight stop-losses. Use indicators like RSI to confirm overbought or oversold conditions. Range trading requires patience and precision but can be highly rewarding in consolidating markets.
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Profiting in Sideways Markets 🔄📉
| 2024-12-27 06:26Not all markets trend, and knowing how to trade ranges is crucial. In a range-bound market, identify the upper resistance and lower support levels. For example, if EUR/USD is bouncing between 1.0800 and 1.1000, sell near the top and buy near the bottom, with tight stop-losses. Use indicators like RSI to confirm overbought or oversold conditions. Range trading requires patience and precision but can be highly rewarding in consolidating markets.
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