Best Forex Strategy For Consistent Profits
Zooming in, it is possible to see the upper price level was primarily based on the 100-day SMA. It acted as resistance to upward price movement and a selling opportunity for range traders. The buy signals are less clear-cut and suggest price was simply reverting back to touch the 100 SMA. Prices don’t move in a straight line and Range trading involves trading price movements with the range. This strategy works in markets which are experiencing a period of low volatility. If medium and long-term…