unique strategy

Timeframe: all

Currency pairs: cross pairs

Market state:: range-bound

Traders can use the range-trading strategy when the market has no clear trend. Range-bound or a sideways trend can happen with any currency, but it is particularly widespread in popular cross pairs, such as AUDNZD, GBPCAD, and EURGBP. After finding a range-bound market where prices fluctuate between two extremes, traders should identify the support (green line) and the resistance (red line) and measure the difference between the two.

Required indicators:

• There are no specific indicators. However, you can use Bollinger Bands to find a range-bound market and apply Stochastic (21, 1, 3) as an auxiliary indicator to find entry and exit points.

Conversely, when Lead 1 crosses below Lead 2, it indicates a bearish crossover. That means the trend is probably heading downwards.

• Price is trading near the resistance line.
• The stochastic is above 70.li>

Stop Loss

Set the Stop Loss order above the previous high and before the entry point.

Take Profit

Take your profit with a risk-reward ratio of 1:1.5.

Entry conditions for a long position (Buy):

• Price is trading near the support line.
• The stochastic is below 30.

Stop Loss

Place Stop Loss above the previous swing high

Take Profit

Take your profit when Risk-reward ratio reaches 1:1.5.

Follow our instructions, and you will easily predict the cross pairs price movements even during the sideways trend. Trade carefully!