Bonus tip: The best pairs for trading range-bound strategies are currency crosses. By crosses, we mean those pairs that do not include the USD as one of the currencies in the pair.
One of the most well-known pair for trading ranges is the EUR/CHF. The similar growth rates shared by the European Union and Switzerland pretty much keep the exchange rate of the EUR/CHF stable.
Conclusion
Whether you’re trading a pair that’s in a trending or ranging environment, you should take comfort in knowing that you can profit whatever the case may be.
Find out how you can pick tops and bottoms in both trending and ranging market environments.
By knowing what a trending environment and a ranging environment are and what they look like, you’ll be able to employ a specific strategy for each.
As the old wise man in Central Park says, “Only a fool dips his cookies in