Range trading: Forex as of 29/09/2021

Euro Fx/U.S. Dollar FX:EURUSD

Trade24Fx

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%) 1.1645
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1631
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1617


Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1722
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1737
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1751


GBPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3462
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3425
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3389

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3612
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3649
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3685

USDJPY

Long position 1
(the price today will not fall below this mark with a probability of 68%) 111.14
Long position 2
(the price today will not fall below this mark with a probability of 95%) 110.99
Long position 3
(the price today will not fall below this mark with a probability of 99%) 110.83

Short position 1
(the price today will not rise above this mark with a probability of 68%) 111.88
Short position 2
(the price today will not rise above this mark with a probability of 95%) 112.04
Short position 3
(the price today will not rise above this mark with a probability of 99%) 112.19


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.


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source https://www.smartmoneymanagement.info/2021/09/range-trading-forex-as-of-29092021.html