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July, historically, is the low point in the year for the number of trade signals that the market produces, due in part to the move from Consolidation to Distribution that takes place ahead of the August equity bull run that invariably has it as the third best month of the year to hold stocks (Schwartz Stock Market Handbook).
In the recent phase of trade the opportunities tend to be hard sought, outside of day-trading each session, but are more than made up for in the upcoming five month period. The down side of August trade is that on the rare occasions that equity markets go lower, they go lower in a big way. That is not an issue for forex traders, they just need to know whether they are buying dollars on a weak set of equity moves, or selling dollars on strong equity trade.
The forex market historically produces two longer-term signals a day, that have a chance to work the day's ranges, and then possibly break for a further run. In July that tends to drop down to around one a day on average, with a build up in signal flow coming in the last week of the month.
That leaves forex traders well placed right now to look at increased signal flows, following a very productive pattern of trade that has stood in good stead for nearly thirty years now, and feeds an anticipation of order flow, and trade number increases as August develops.