Effective Methods for Trading in Ranges [Currency Evil Grimoire]

The "range market," which is said to account for over 70% of currency trading, is not easy for many traders. In a market with low price movement and no clear trend, how can one profit?

How should you analyze the chart, read the currency price movements, and enter and exit trades? In this article, we will introduce effective methods for mastering the range market.

Table of Contents

1. What is a Range Market
2. How to Identify Resistance and Support Lines
3. Trading Strategies in a Range Market
4. Where to Place Stop-Loss
5. A Reproduction Example of a Typical Range Trade
6. Facing the Market and Sensing it by Feel

● Word count: 3040 characters (including headings)
● Images: 4

※ This article is a revised version of an article from FX攻略.com, November 2014

What is a Range Market

There are many technical analysis methods to determine whether the current market is ranging or in a trend, but the most representative is the slope of the moving average lines.

For example, if the slope of a moving average line with a period of 20 is horizontal or at a gentle angle, you can judge that the market is ranging, whereas a steep angle indicates a trending market.

Notes about moving averages are……