The forex market is known to be a trending market. Having an understanding of the likelihood of pip movement allows a trader to see the type of market participation a particular pair may see. A glance at the charts of the USD/JPY versus that of the GBP/JPY makes it quite obvious even to the novice trader that the GBP/JPY has more potential for pip movement. But how much more? What is the actual difference in pips? This is exactly what you can determine from PowerStat's Movement of Consecutive Bullish Bars.

The historical pip movement of any pair can offer a trader insight into volatility. This allows a trader to weigh the potential risk and reward of an entry. Novice traders, short funded traders and traders with a lower risk tolerance should pay careful attention to which currencies should and should not be traded as a preliminary risk management consideration.

Movement of Consecutive Bullish Bars is best used in conjunction with Consecutive Bullish Bars. This data combined will likely give a trader the upper and lower ranges of how far a market is likely to travel higher and within how many candles it is likely to do so.