Hi Everyone,
Is there a source of information out there that details how many times a price level has been reached / hit?
For example… If AUD/USD is at 0.8950, how many times has this price level been reached and what’s the average time it takes for the price to return.
My rational for the question is to have a better understanding about what’s going to happen when I open a trade. For example, if I open a trade a price x, the trade then moves away from price x, what’s the probability of the price returning to x and how long on average does it take to hit x.
Another example would be... If I short AUD/USD, but the price move up, how many times has the price at which I sold been reached and on average how long will it take for the price to return.
Is there a source of information out there that details how many times a price level has been reached / hit?
For example… If AUD/USD is at 0.8950, how many times has this price level been reached and what’s the average time it takes for the price to return.
My rational for the question is to have a better understanding about what’s going to happen when I open a trade. For example, if I open a trade a price x, the trade then moves away from price x, what’s the probability of the price returning to x and how long on average does it take to hit x.
Another example would be... If I short AUD/USD, but the price move up, how many times has the price at which I sold been reached and on average how long will it take for the price to return.
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