Range trading is taking trades when price is in a range or consolidation.

Range or consolidation is when price does not have a trend. So, there is no uptrend or downtrend and price is moving between an identified high and low.

As you can see from the image above, price is simply trading in between the highs and lows, which we have identified as support and resistance.

Trading ranges can be very profitable, as it’s very easy to understand how price will move when it reaches the support and resistance levels.

Here are a few key factors to consider when trading ranges;

- Look for wick rejections
- 3+ Touches means a strong S/R level
- Too many touches means a weak S/R level
- Trade with the previous trend if possible

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