Are you worried about not getting to use your beastly range-bound strategy? How about your Bring-Home-Da-Bacon trend-based system?
Have no fear!
The forex market provides many trending and ranging opportunities across different time frames wherein these strategies can be implemented.
By knowing which strategies are appropriate, you will find it easier to figure out which indicators to pull out from your forex toolbox.
For instance, Fibs and trend lines are useful in trending markets while pivot points, support and resistance levels are helpful when the market is ranging.
Before spotting those opportunities, you have to be able to determine the trading environment. The state of the market can be classified into three scenarios:
Trending up
Trending down
Ranging