Range trading: Forex as for 24/08/2021

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%) 1.1700
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1681
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1662

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1783
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1802
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1820

GBPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.3658
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.3632
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.3606

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3786
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3812
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3838

USDJPY

Long position 1
(The price today will not fall below this mark with a probability of 68%) 109.30
Long position 2
(The price today will not fall below this mark with a probability 95%) 109.11
Long position 3
(The price today will not fall below this mark with a probability 99%) 108.91

Short position 1
(The price today will not rise above this mark with a probability of 68%) 110.15
Short position 2
(The price today will not rise above this mark with a probability of 95%) 110.35
Short position 3
(The price today will not rise above this mark with a probability of 99%) 110.54


Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading