How to handle a clearly ranging market
Today we are facing another typical sideways ranging market.
The major USD pairs do have their trends still not in-line.
It's a wild mixture of BUY and SELL trends across all time frames.
And what's new on the currency strength side?
Almost all majors are neutral and none of these pairs show a strong buy or sell tendency.
So we can shorten our analysis with just one chart illustration.
Ranging Market = No reason to
trade
Conclusion: We have to wait for at least one major pair with a powerful move before we get back in the market.
Find
the right trading opportunities day by day!
(and
learn when to better stay out as well)
1. Visit https://www.mql5.com/en/blogs/post/677671
2. Have a look at our free News Channel -> https://t.me/STEIN_INVESTMENTS_NEWS
Besides the advantage of professional in-depth market analysis
provided by my tools,
you'll get access to an exclusive group of skilled and successful
traders who are willing
to share their experience and trades with anyone interested.
It
takes just two steps to become part of our great and successful community
1. Get
your toolset at https://www.mql5.com/en/users/blueball/seller
2.
Send proof of your purchase to https://t.me/SteinInvestments
and
you'll get your invitation to our amazing group chat
All the best and happy
trading
Daniel
