What is Range? Reasons for the Range to Pay Attention to

A range market is where the price bounces between the high and low prices. The range trading strategy is the simplest alternative to do. With the prediction of prices that tend to return to the long-term average that will occur. Range trading occurs when a financial instrument oscillates between two upper and lower limits for a certain period of time. Usually the lower and upper limits are defined as support and resistance levels. Range trading works best in the absence of a trend. When the market has no clear direction, that's when this period of consolidation settles down.

Alternatively, more experienced traders can look for a breakout of their trading range. This type of trading strategy can give traders a quick profit because of trading on the back of strong momentum. To open a trade within the trading range, the trader needs to time the trader's entry. Traders can determine the timeframe based on the entry by looking for clues that the support and resistance levels will hold.

Thus this short article, may be useful for traders. For those who don't understand, please watch the video below!


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