It's so bad, it has to get better
The table below shows the high to low ranges in trading today vs the average trading ranges for a month's worth of trading for some of the major currency and cross currency pairs. The highlighted shows the % of the average. Below 100% is indicative of a market that is falling short of average....Well today the ranges are well below the 100% mark.
That raises a red flag for me. That flag says look for an extension. There is room to roam. Focus on what the little nuances of the price action are saying. Define and limit your risk.
