Here is a classic "breakout" - of "set and forget" - volume breakout.
Chart 1 - Normal traders hate this type of chart - no real movement, no apparent trend, nada.
Chart 2 - I love those charts - just set high/low volume boundris on Gadi_OBV, and wait.
G.
Edit:
This "flat" situation usually indicates central bank intervention in the market.
In this case it was the Swiss central bank trying to keep the exchange rate at certain level.
Chart 1 - Normal traders hate this type of chart - no real movement, no apparent trend, nada.
Chart 2 - I love those charts - just set high/low volume boundris on Gadi_OBV, and wait.
G.
Edit:
This "flat" situation usually indicates central bank intervention in the market.
In this case it was the Swiss central bank trying to keep the exchange rate at certain level.