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Unless you are calculating volatility in your own way, here are the upcoming opportunities within the FX market based off the Average Daily Range. Market research shows that price has a 80-85% to reach 75% of it's 5 day ADR. Non-Commodity Major Pairs - GBPJPY - Current ADR: 263 pips - USDJPY - Current ADR: 221 pips - GBPUSD - Current ADR: 217 pips ...
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Great opportunity today with GBPJPY. Unfortunately, I missed the big move down this morning because sleep is amazing, however, it gave me another opportunity to fade it later in the afternoon. Price moved into the "oversold" area (noted by the top red line) and I waited to see if price would fold over. I wasn't looking for more than 100 pips on this trade...
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