~ Week Of May 30th 2016 ~
Will Price Respect The Range?
Published by Jay - May 28th 2016
Price has been contained within a range for the last few months on the SGDCHF pair, with the market respecting the high and low parameters of that range on a number of occasions. After bouncing off the lower level at the beginning of May, price is now close to the range high once again.
In the new trading week ahead, keep your eye on the top level of the range for a possible entry signal to short the market. When trading a range it pays to be mindful of the midway point, as this is where price can become choppy. If the market ignores the top level of the range and breaks through it, we can look for a quick retrace and entry signal to buy into this pair.
There are many opportunities to profit from the Forex market when you know what to look for. Check out our "Complete Forex Trading Course" that teaches simple yet effective strategies that have existed for decades.