Range trading is a strategy that seeks to take advantage of consolidating markets – the term to describe a market price that remains within lines of support and resistance. Range trading is popular among very short-term traders (known as scalpers), as it focusses on short-term profit taking, however it can be seen across all timeframes and styles.

While trend traders focus on the overall trend, range traders will focus on the short-term oscillations in price. They will open long positions when the price is moving between two clear levels and is not breaking above or below either.

This is a popular forex trading strategy, as many traders work off the idea that the very liquid currencies market remains in a tight trading range, with significant volatility in between these levels. This means that short-term traders can seek to take advantage of these fluctuations between known support and resistance levels.

There are a range of other indicators that range traders will use, such as the stochastic oscillator or RSI, which identify overbought and oversold signals. Range traders will also use tools, such as the Bollinger band or fractals indicators, to identify when the market price might break from this range – indicating it is time to close the position.
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