I noticed a few likes on a couple of prior posts – Thank you
I don’t trade this pair often, and when trading longer term charts my timing isn’t always as good as this.
I noticed it mentioned on FX Street and watched it for a few days. Decided to go long with a small position.
I brought the stop to +200 pips and it was filled. Now I am short.
I do not trade this pair often. It was all about the chart.
For novice traders – What does 90 pips mean?
If you go to Google to find the pip value for a Standard Lot of currency, you’ll see that a pip is worth just over 9 dollars for this pair.
So that would be $810. In how long?
Notice that the entry and exit are marked on the chart. Each candle is 4 hours so we can easily figure out roughly how long the trade lasted.
See the related post below the image. The result of this trade was that it did not get stopped out at breakeven. What happened was that a take profit limit order was filled for about +100 pips profit.
Charts101 Trading 