For the next 24 hours, the Edge Finder system suggests that a trader could risk 100 pips to make 10 pips entering short at any price above 1.0100. Sounds crazy but this trade has a 5% edge historically, meaning if the setup (risk 10 to make 1) gives you a 90% probability even with random price moves, this setup up, historically, has won 95% of the time.
Since this trade is valid from now (Asian session) all the way through to EOD (NY session), a trader can like make this trade more than once if the price sneaks up. To extrapolate the analysis of this trade, the price level 1.01000 is likely to introduce resistance and some volatility.
Since this trade is valid from now (Asian session) all the way through to EOD (NY session), a trader can like make this trade more than once if the price sneaks up. To extrapolate the analysis of this trade, the price level 1.01000 is likely to introduce resistance and some volatility.