Pivot Points in Forex Trading

Posts: 68342 · #286 - June 15, 2023, 12:33:07 AM

When you use a Pivot point, you should first pay attention to whether there is a reversal area or not

Posts: 66356 · #287 - June 16, 2023, 08:58:36 AM

if you use a pivot point you should also be familiar with the resistance support section that is displayed

Posts: 68342 · #288 - June 17, 2023, 03:39:15 AM

I suggest that even if you use Pivot points, don't use daily, use monthly, it's better.

#289 - **Today** at 07:37:46 AM

Posts: 66356 · #289 - June 18, 2023, 02:54:02 AM

I just want to say that when you use Pivot points, you have to be able to calculate the area correctly

Posts: 68342 · #290 - June 19, 2023, 02:32:01 AM

We recommend that when you use a Pivot point you must be sure of its performance about not being able to open the wrong position

Posts: 196 · #291 - June 21, 2023, 03:14:58 AM

As I know, the pivot point is a technical analysis tool that can be used to pinpoint possible levels of support and resistance in the price movement of an asset. The highest, lowest, and closing prices from the previous day, week, or month are averaged to determine pivot points. They serve as benchmarks for traders to gauge the likelihood that an asset will trend higher or lower over various time horizons.

You can read this article for a comprehensive read
https://insights.primecodex.com/pivot-point-trading-strategy/