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Copytrade Forex news Blog Company news Education AI Hub 📙 Forex for beginners
📙 Forex for beginners
Copytrade Forex news Blog Company news Education AI Hub
AI Hub 3 August 2023 What is the Definition of Consolidation in the Forex Market? Consolidation in the Forex market is a period when prices remain within a certain range, and there is no clear direction for the market. During this period, the price of a currency pair may fluctuate between two levels but overall it remains in a tight range. This type of market behavior can be seen on any chart and is often used by traders to identify potential entry points into the market. Consolidation occurs when buyers and sellers are unable to agree on a price direction for an extended period. As such, prices will remain within a certain range as both sides wait for more information or clarity before taking action. During this period, volume typically decreases as traders become hesitant to enter positions due to uncertainty about which way prices...