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.
NZDJPY started the Wednesday session above the PP level (pink dashed line called Pivot), which means that the only scenario we are interested in is bullish one. As a result of later falls, the rate reached the level of PP and the moving average SMA33, where early in the morning there was a demand response. People who have decided to open CALL on this instrument are now getting closer to posting a profit. It is worth noting, however that there wasn’t any candle formation in the neighborhood of the support zone, which would technically make this investment possible.
The second signal appeared today on pair USDTRY. In this case, the market started Wednesday session below the PP level, which means that the only scenario we were interested in was bearish one. Since the beginning of the session, the market has fluctuated around the moving average SMA, where early in the morning there were several signals to open PUT option on this instrument.
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Of the observed instruments, only these two allowed today any speculation on the basis of the end of the day strategy. It is sometimes worthwhile, however, to consider sensibility of opening multiple positions each day. Maybe 1-2 trades a day will produce better results than if we opened plenty of them. An ideal example of this could be the cycle of analyses – “Today’s Option”, which last month, with a 78.95% efficiency rating, yielded a return rate of 7.12: 1. So it turns out that sometimes less means more.
At the same time, I can tell you that the strategy that I will be presenting over the weekend will not be limited to the H1 interval, so more active traders can expect more potential trading signals.
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