The End of the Day setup overview is a daily set of analyses of investment opportunities based on the EoD strategy, if you want to find more details, check this link. The series will last exactly two weeks. After this period, on Saturday, September 23rd, I will publish a report summarizing the statistics of this strategy and will show whether or not during this two weeks strategy was profitable.
As announced earlier, on the same day, I will also present another strategy that I will test for another two weeks. This way I will try to test as many investment strategies as possible for binary options in order to find the best and most effective one.
USDTRY started Friday’s session below the PP level (pink dotted line called Pivot), which means that the only scenario we are interested in is the downside scenario. As a result of later gains, the rate reached the level of PP and the moving average of SMA33, where the first supply reaction had already occurred. In short term, therefore, it is worth considering PUT option on this instrument.
Unfortunately, actually it is the only interesting signal. However, for educational purposes, it is worthwhile to introduce two more setups that could be played earlier.
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The first one concerns GBPJPY where the signal to open CALL option appeared around 2:00 AM at night. The market started Friday session above the PP level, which means that the only scenario we were interested in was a bullish scenario. In result of subsequent falls, the rate reached the level of PP converging with the moving average SMA33, where the demand response occurred.
The second signal, this time PUT option appeared around 8:00 on USDCHF. The market started Friday session below the PP level, which means that the only scenario we were interested in was bearish scenario. As a result of later gains, the rate reached the level of the PP and the moving average SMA33, where the demand response occurred.
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