Experimental probability of breaking 13/07/20 high (2.9756) > 80%
Entries @ discount zones highlighted on chart -high chance price will not retrace :(...
Note: discount zone are invalid if price broke the high.
Expecting high volatility to continue till the end of September, possibly November.
Likelihood price breaking above 1.2353: >80% (Previous week's hammer candlestick for extra mechanical confirmation)
Likelihood of scenario 1: 42%
Risk/reward: 1:14
Likelihood of scenario 2: ~65%
Risk/reward: 1:10
Experimental probability of breaking 16th Jun high is >98%
Price may vary on different feeds;
OANDA feed: 0.94276
FXCM & ICE (IDC): 0.94269
Forex.com & Saxo feed: 0.94273
Currency.com feed : 0.94265
Experimental probability to break 1.0830 is > 94%
Analysis:
If price didn't break 1.0830 then
Entry: retracement to the bargain zones highlighted on the chart would be ideal
Take profit: anywhere above 1.0830
Experimental Probability of breaking today's high (28/07/2020) is > 94%
Discount zones highlighted on the chart to break the high
Note: If price broke the high then discount zones are invalid
Experimental probability of breaking 13/07/20 high (2.9756) > 80%
Expected reward: High (Targets highlighted on chart)
Entries: Discount zones highlighted on Chart
Note: discount zone are invalid if price broke the high.
Probability of breaking 21/08/20 low (1.61211) ~70%
Entries: Possible entries highlighted on chart
Note: discount zone are invalid if price broke the high.
Probability of price breaking away from the purple range (highlighted on the chart) by 600-980 pips is >85%
Note: Grey lines are anticipated pivots to instate the big move
Mean reversion
Reason: Only possible scenario which can conjectured..
Chance of success: 65%
Entry & Risk management : to be updated
Target: highlighted on chart
Last chance for buyers
Likelihood of success: 18%
Risk/Reward ratio: 1:39
Otherwise, if price broke 1.20641 then there is high probability (>90%) that the price will break the 11th Aug 19 Daily low (~1.20143)
