Markets Range Bound On Higher Timeframes

Markets Range Bound On Higher Timeframes

Many markets remain in tight ranges on the higher timeframes. Whether we look at indices or Forex pairs, the situation is often very similar.

In my own trading, I adjusted a few weeks back and I moved towards trading the lower timeframes. On the lower timeframes, the ranges from the higher timeframes become great trends.

But the current uncertainty that is looming over the whole economy is clearly impacting investor behavior and price action across all instruments.

The S&P 500, along with other stock indices, broke out last week but as of writing this analysis, the breakout turned into a fakeout and the price is back within the range.


The EUR/USD has been stuck in its Corona-range for the past 4 weeks, trading between 1.10 and 1.08

There is absolutely no momentum on the higher timeframes and I keep cautioning our traders to stick to the lower timeframes.


The GBP/USD is showing an even more extreme range behavior as the price action is contracting into a triangle. Swings become smaller and price movements do not last.

This week is NFP week but so far, even the significant increase in US unemployment data wasn’t enough to act as a trend catalyst.



There are two advantages of breakout trading. Firstly, you can clearly define your stop losses and know when a trade idea
All the knowledge I have acquired over the years through first consuming a lot of information and then doing tons
How often has this happened to you that you somehow knew what price was going to do, but you still
Trading Price Action - Lagging
In today’s world, math and statistics are not very popular and most people don’t even understand basic mathematical and statistical
I have been trading for over 12 years by now and I have seen it all. With my students, I
How to Change Metatrader to Get The Best Risk:Reward Ratio Tool We talked about why the risk:reward ratio is one

No Comments

Give a comment

Advertisement - External Link

Cookie Consent

This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button.