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Long bodies refer to strong buying or selling pressure.
What is Point In Percentage (Pips) ?
A pip is the smallest unit of price movement in a currency pair.
It shows how much the price has changed.
● For most currency pairs, 1 pip = 0.0001 (that’s
one-hundredth of a percent).
Example: If EUR/USD moves from 1.1000 to 1.1001, that’s a 1
pip increase.
● For pairs with the Japanese Yen (JPY), 1 pip = 0.01
(because the Yen value is smaller).
Example: If USD/JPY moves from 140.00 to 140.01, that’s 1 pip.
Pips help traders measure profits or losses easily.
Pips in Gold (XAU/USD)
