The term range bound is used often but it's relative term depending to some degree on the t/f used and the size of the range being shown, because after all, a range can be any size that a poster chooses to depict on a chart from purely a pictorial pov, and of course it goes without saying that the higher the t/f then the more reliable the range becomes which is true for all aspects of chart trading.
I attach EU pending short trades on an h4 chart which to my mind illustrates all this. The interesting part is when the market (nearly always) does it's best to encourage traders to trade in the opposite direction to where the market really will be heading, and these so called range bound areas are market tuned to mislead the majority.
Anyway enough on that
I attach EU pending short trades on an h4 chart which to my mind illustrates all this. The interesting part is when the market (nearly always) does it's best to encourage traders to trade in the opposite direction to where the market really will be heading, and these so called range bound areas are market tuned to mislead the majority.
Anyway enough on that