This market behavior pattern is ideal for forex scalping but only once the trader fully understands this trading technique. It tends to range in a consolidation channel for hours at a time before making another significant move in one direction. What this means is that for the majority of time the market is not making significant moves.
Did you know that approximately 70 to 80% of the time, the market is in a consolidation pattern?
Monday, June 30, 2008
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