Trade24Fx

Range trading: Forex as of 15/07/2021

FX:GBPUSD   British Pound / U.S. Dollar
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.

EURUSD


Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.1778
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1758
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1737

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1882
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1902
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1922


GBPUSD


Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3775
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3743
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3711

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3910
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3942
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3974

USDJPY


Long position 1
(the price today will not fall below this mark with a probability of 68%) 109.48
Long position 2
(the price today will not fall below this mark with a probability of 95%) 109.29
Long position 3
(the price today will not fall below this mark with a probability of 99%) 109.10

Short position 1
(the price today will not rise above this mark with a probability of 68%) 110.36
Short position 2
(the price today will not rise above this mark with a probability of 95%) 111.55
Short position 3
(the price today will not rise above this mark with a probability of 99%) 110.74


Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
Авторские индикаторы от лучших трейдеров и аналитиков
http://bit.ly/2oBvkHY

Comments

Great chart,thanks for sharing
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