Pivot point trading tips

Tips on using Pivot Points to trade Forex

Here are some easy-to-memorize tips that will help you to make smart pivot point trading decisions:. Pivot points are a technique used by forex traders to help determine potential support and resistance areas.

Pivots can be extremely useful in forex since many currency pairs usually fluctuate between these levels. Most of the time, price ranges between R1 and S1.

It allows you to see possible areas that are likely to cause price movement.

Using pivot point analysis alone is not always enough. Learn to use pivot points along with other technical analysis tools such as candlestick patterns , MACD crossover, moving averages crossovers , the stochastic , RSI , etc.

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