What if you could actually know the likely price range for the pair you are trading, not only for the day, but for a specific hour? How would that affect, not only your entry timing, even the consideration for whether price could reach your entry target? How would that affect your profit target placement and your risk management? What if you knew when volatility typically increased or decreased throughout the 24 hour trading day?
Having such information, understanding the pip movement range, can be really helpful.
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Indeed, it’s possible to break things down to an hourly pip range. You can dissect this one step further. You can take a look at the expected price ranges depending upon which timeframe, and you can see what the expected price ranges will be. It doesn’t mean price will reach these levels, but gives an indication of the range within which a given pair will trade.
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