How to Face High Volatile Forex Market?

One way to look for profit opportunities in forex trading is to detect price trends. Uptrend or bullish conditions, where prices move up, can be an opportunity to open buy positions. While the opportunity to  open sell positions can be sought during a downtrend or bearish, namely when the price has decreased. The market market is unpredictable because prices go up and down that is unpredictable.

However, knowing uptrend or downtrend is not enough. often the emerging trend is not strong enough and suddenly reverses direction again. In fact, sideways often occur, namely conditions when prices fluctuate up and down without any sign that prices will strengthen in one direction.

In general, sideways markets are the result of the price movements between strong support and resistance levels. This condition makes the price movements of an asset tend to be flat for a long time before starting a new trend which may increase or even decrease.

On the other hand, volume, which is an important indicator of trading, remains mostly flat during a sideways market, as bulls and bears dominate. It can shoot up or even down sharply in one direction when a breakout or breakdown occurs.

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