Range trading entails trading an exotic currency pair within a specified range of support and resistance. An investor will look to profit from the range's peaks and troughs by going long or short, and they will frequently use chart trends like wedges and triangles to validate their predictions about market fluctuations.
Example of Trading: USD/TRY vs. EUR/USD

Majors are generally less volatile and more liquid than exotics. As an example, we decided to equate the monthly price fluctuations of EUR/USD and USD/TRY. This is because the EUR/USD pair is the most actively traded forex pair in the world, whereas the USD/TRY pair is the most commonly traded exotic currency pair.

The two charts below depict the magnitude and speed of price changes for these two pairs in March 2019. Take note of the fact that the USD/TRY pair has a much wider price range than the EUR/USD pair.