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Sideways market for the EURGBP

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-22_00-16-49eurgbp

2015-10-22_00-16-49eurgbp

When a trader sits infront of his screen at the beginning of the market open he does not know if the market will trend or not.

If price explodes up or down you might expect a trend and more participants playing the market at the current time.

If price on the other hand just moves a little not managing to improve the slope of the 200 moving average then only smaller moves for the day should be expected.

The arrows show possible entries in direction of our trending moving average.

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