If the range is narrow, there is room to roam.
The EURUSD is trading at new session highs and also new week highs on the move above the 1.1419 level That extends what has been a very narrow trading range for the week The range coming into the day was only 61 pips. Looking back in time, that would represent the lowest trading range in the last few years. hMMM
Now, just because we extended to new highs does not mean the range is suddenly a barn burning week. The week is still abnormal. In 2015, the most narrow trading range was 123 pips. This year, the most narrow has been 127 pips. So I like to say, there is room to roam.
If you know there is "room to roam", how can you take advantage of that as a trader? You bet!
In this trading education video, I explore how you can do just that. I hope you learn something, so you can take advantage of this dynamic in the future.
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