How to Trade Forex During the Holidays - Part 4 | Vantage FX UK
- 11 years ago
Vantage FX (http://www.vantagefx.co.uk) look at what Forex traders should look out for during quieter periods in the holidays.
Today we're looking at how a chart can take the form of a tight range in a thin market. As the price looked to the downside, the volume increased but there was no break in the range. The Bollinger Bands remained flat showing that the price is range trading at this point.
You can see how the price moved from the bottom band to the top band and back, always reverting to the mean. With low volume and little conviction, the price remains within the existing range.
Happy Thanksgiving!
Today we're looking at how a chart can take the form of a tight range in a thin market. As the price looked to the downside, the volume increased but there was no break in the range. The Bollinger Bands remained flat showing that the price is range trading at this point.
You can see how the price moved from the bottom band to the top band and back, always reverting to the mean. With low volume and little conviction, the price remains within the existing range.
Happy Thanksgiving!