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Ive placed a Take Profit pending order at EUR/USD 1.1365, and the rate was 1.1365. Why didn the Take Profit order work?

April 26, 2017eur Placed profit rate USD

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Ive placed a Take Profit pending order at EUR/USD 1.1365, and the rate was 1.1365. Why didn the Take Profit order work?

1 Answer

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For example, the maximum price from 3:00 till 3:05 p.m. was 1.1365 and you had a Take Profit on 1.1365. The position couldn’t be closed because the candle’s maximum reflects Ask price, and maximum Bid price was 1.1362. You had an opened position for Buy, and Buy positions are closed by Bid prices.