Over the last few days, we have seen many markets in the doldrums lacking volatility and momentum and this has certainly be true of the forex markets which have drfited sideways. Even in the cross-currency pairs which can often deliver under such conditions, they too have been lack luster and subdued. At times like this, we have to step down into non-time-based charts such as the tick and renko to dig out opportunities where on a smash and grab basis. But if course it is important to remember that this can only be done with pairs offering tight spreads, and not on the cross currency pairs.
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