Range trading: Forex as for 08/06/2020

Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1234
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1204
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1174

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1370
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1400
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1430

GBPUSD

Long position 1 [/b
(The price today will not fall below this mark with a probability of 68%) 1.2614
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.2574
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2532

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2785
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2826
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2868

USDJPY

Long position 1
(The price today will not fall below this mark with a probability of 68%) 109.07
Long position 2
(The price today will not fall below this mark with a probability of 95%) 108.85
Long position 3
(The price today will not fall below this mark with a probability of 99%) 108.63

Short position 1
(The price today will not rise above this mark with a probability of 68%) 109.99
Short position 2
(The price today will not rise above this mark with a probability of 95%) 110.22
Short position 3
(The price today will not rise above this mark with a probability of 99%) 110.44

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