Disliked{quote} looks like up first here George 3715 could ???could be the numberIgnored
Last 6 years August most Repeated Range is 400 - 450 pips
Last 6 months:
most Repeated range is 412 - 460 pips (May, June &July)
Maximum range is 675 pips (February)
Minimum range is 341 pips (April)
This August so far
355 pips (1.3957 - 1.3602)
✓ August Range has exceeded Minimum of 341 pips
✓ Next possible Range Target is 412 pips
Which means 412 pips minus 355 pips (Current Range) = 57 pips.
™ Since Current price (1.3623 is closer to the low) it means possibility of 412 pips range completion to the Low is realistic... 1.3957 (August High) minus 412 (Next possible range) = 1.3545.
™ 7 trade days are left in August and average 7 trade days range is 160 pips... This means
✓ Even if price touches 1.3545, Just add 160 pips to it, which will give us 1.3705...
✓ Even if price touches 1.3565, Just add 160 pips to it, which will give us 1.3725
✓ Even if price maintains 1.3600 Low, Just add 160 pips to it, which will give us 1.3760
in Summary, the Last 7 trade days of August
Possible Lows are 1.3545 - 1.3600
Possible Highs are 1.3705 - 1.3760.
This is an excerpt of my Research Work and it is Titled 'TIME AND PRICE SERIES ANALYSIS'...
Note: There is no obligation to follow this, as I may be wrong.
Cheers,
George.
Rejections spur me for greatness!!!
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