Pivot Points in Forex trading – Market sentiment and support/resistance
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  • #1 Collapse

    Pivot Points in Forex trading – Market sentiment and support/resistance
    Hi friends hope you all are fine good morning to all of you and have a nice day. According to my knowledge Pivot points can be used in many ways to determine turning points in the markets. In previous articles, we discussed the basics of Pivot Points, the calculation formulas for the different pivot point levels, and the 70 – 80 percent rule which can be very useful as an addition to any trading strategy. Best wishes. Thanx to all of you
  • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
  • #2 Collapse

    Support level means the buyers who are entering in market and they provide a base for market parice to stay/hold before going further downward direction. This may be a turning point of any pair if buyer strength is heavy as compared to seller because when a pair moved a lot to down trend, seller strength is already weaken as they have taken their money and now the is almost in nuteral area. Similar case for resistance level. We need to determine the actual turning points and act accordingly to get more profit.

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