Range trading: Forex as of 30/09/2021

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%) 1.1559
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1541
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1522


Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1643
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1662
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1680


GBPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3367
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3330
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3292

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3512
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3549
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3587

USDJPY

Long position 1
(the price today will not fall below this mark with a probability of 68%) 111.45
Long position 2
(the price today will not fall below this mark with a probability of 95%) 111.28
Long position 3
(the price today will not fall below this mark with a probability of 99%) 111.12

Short position 1
(the price today will not rise above this mark with a probability of 68%) 112.35
Short position 2
(the price today will not rise above this mark with a probability of 95%) 112.51
Short position 3
(the price today will not rise above this mark with a probability of 99%) 112.68


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-30092021.html