Using Oanda's Volatility Analyses

Beginner Questions
1

Hi,

In Oanda’s fxTrade platform, click Technical Analysis and then the Volatility Analysis tab.

(Here’s the URL: oanda.autochartist.com/aclite/OandaDivision1?logintoken=FB61A35FAA23D249BF0E8D678F33743731002F4295723F0CC98DF850439270B72CD03742572A68FDAC3BAA41C0C0CC6D85860DF8181A6BFF88A7205359242F541BE26A890EB052C79EF161F56425945C&locale=en_GB.)

It shows expected price ranges for different pairs for different time periods. For example, it shows that, over the next day (for daily charts), the expected price range for EUR/USD is from 1.1162 to 1.1382. My question is this: How may one best use this information to set stops, take-profits and trailing stops. Please, no guessing, but answer only if you’re sure you know. And if possible, please provide an example or examples with numbers or percentages.

Thank you,
Norm