Hi experts !
Its been long that I coudn’t post. Anyways, here is my question:
Trade 1: Sell EUR USD at 1.3000 and its going down
Trade 2: Buy EUR USD at 1.2900 and its going down
Trade 3: Buy EUR USD at 1.2800 and its going down
If the spread is 3 pips, at what price the Buy trades will break-even ? Can an expert kindly write the formula here ?
If the spread is 3 pips, at what price the Sell trade will break-even ? Can an expert kindly write the formula here ?
Assume the lot size is 1.
Thanks for your kind help as always