ConsolidationDear Traders,
We are in consolidation IT IS NOT TRENDING.
THIS we see in price action NO INDICATORS are needed to see this. Therefore how do you trade? You have many options open to you depending on how you trade this is highly subjective. No approach is wrong profit is profit. What do I think? Well I expect both sides to be taken hard leading into November. Why? Becuase we are in a high volatility low volume period this is EXACTLY when they can do it. Why? It makes money for them post opex week. Can you trade this? Of course depending on your own strategy on entry exit and trade risk management rules. This I cannot advise upon. Hope this perspective helps. Peace and good luck.