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Forex Zone - Forex Forum
General Category
Forex Education
Pivot Points in Forex Trading
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Pivot Points in Forex Trading
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Re: Pivot Points in Forex Trading
Vernalta
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When you use a Pivot point, you should first pay attention to whether there is a reversal area or not
#286
- June 15, 2023, 12:33:07 AM
Re: Pivot Points in Forex Trading
Dyandra
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if you use a pivot point you should also be familiar with the resistance support section that is displayed
#287
- June 16, 2023, 08:58:36 AM
Re: Pivot Points in Forex Trading
Vernalta
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I suggest that even if you use Pivot points, don't use daily, use monthly, it's better.
#288
- June 17, 2023, 03:39:15 AM
Re: Pivot Points in Forex Trading
Dyandra
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I just want to say that when you use Pivot points, you have to be able to calculate the area correctly
#289
- June 18, 2023, 02:54:02 AM
Re: Pivot Points in Forex Trading
Vernalta
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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
#290
- June 19, 2023, 02:32:01 AM
Re: Pivot Points in Forex Trading
fxVirtuoso7
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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/
#291
- June 21, 2023, 03:14:58 AM
Re: Pivot Points in Forex Trading
Yengoc
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You can learn to use Pivot points when you can automatically use support and resistance
#292
- June 22, 2023, 04:02:19 AM
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Pivot Points in Forex Trading
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