Today I will show you how to set the targets depending on the Movement of each pair by using the following table: -
Pairs average movement
SR PAIR HOUR 4 HOUR DAILY
1 AUD/JPY 14 26 83
2 AUD/USD 11 26 75
3 CAD/JPY 17 33 77
4 CHF/JPY 13 27 88
5 EUR/CHF 8 26 62
6 EUR/GBP 5 12 55
7 EUR/JPY 17 37 114
8 EUR/USD 18 42 114
9 GBP/CHF 24 45 110
10 GBP/JPY 28 57 195
11 GBP/USD 22 51 142
12 NZD/JPY 17 32 76
13 NZD/USD 14 30 64
14 USD/CAD 15 32 94
15 USD/CHF 16 39 153
16 USD/JPY 15 36 113
Benefits of using the above table: -
1- For example we can set our targets as follows: -
Aud/jpy the target will not be less than 26 pips (4 hours) and not more than 55 pips (4 hours+daily/2).
2- If we are thinking to enter the market on a specific pair we have to look for the last movement of the day and compare it with the table if the pair is still in the beginning stage that means we have more chances to achieve our targets.
3- We can rely on the 4hours movement for all the pairs as a suitable target for the daily trading.
