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<p>The daily half range strategy is an intraday trading approach that involves using the average daily range of a financial instrument to identify potential support and resistance levels for trading. To implement this strategy, traders calculate the average daily range by subtracting the daily low from the daily high over a specific period. They then divide this range by two to determine the midpoint. This midpoint serves as a reference point to establish support and resistance levels for the trading day. Traders may place buy orders near the lower half range (support) and sell orders near the upper half range …</p>
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