BenConway

Previously drawing the range onto this graph, I decided to look at the ADX, with an increasing buy signal (+DI) and the ADX line remaining below 25, it strongly suggests the range is going to go in my favour. A short term trade with at least a 2p range.

0.06 range here, theres a lot of sideways movement between the range, so trades will need to be held for longer

Now expecting the downwards turn in the range, following a successful trade on the upturn.

ON a 4 hour chart, the inclined range is quite clear. Expected to be upwards due to general brexit worries. Certainly worth exploring the potential exploitation of this 2p range. Not a lot will happen in terms of Brexit negotiations over the next few months due to the election, and there should be no surprises with the election, so I expect the market to remain in ...

4 Hour Range GBPEUR, appears to be in a range, but appreciate the two levels of support.

1 week chart EURCHF range bound

1 Hour chart for NZDUSD