How to Know When The Market is Ranging - Forex James

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I love ranges, because when trading a range, I’m able to enter the market with a tight stop, thus allowing a nice profit reward. According to sources, the market ranges 70% of the time, and trends for the remaining 30%.
We should be able to identify the state of the market, so that we can apply the correct trading strategy.
Most people make the mistake when they apply a trending strategy during a ranging market and vice versa. It’s not that there’s anything wrong with their strategy, it’s simply because the TIMING is wrong.
3 Things to look out for to anticipate a range:
1. Moving Averages (I don’t use indicators, this is simply an option)
2. Swings or pivots
3. A big momentum move
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