Pivot point in forex trading

Pivot point in forex trading

PIVOT POINT IN FOREX TRADING DEFINATION. Pivot Point ka matlab hota hai "center point" ya "turning point". Iska istemal trading strategies aur entry/exit points ke liye kiya jata hai. Pivot Point ek technical analysis tool hai jo traders istemal karte hain market trends aur price movements ka analysis karne ke liye. Ye tool support aur resistance levels ko identify karne mein madad karta hai. PIVOT POINT CALCULATION Pivot Point ko calculate karne ke liye aapko kuch important price levels aur formulas ka istemal karna hota hai. Yahan main kuch popular formulas mention kar raha hun: CLASSIC PIVOT POINTS: Pivot Point (PP) = (High + Low + Close) / 3 Support 1 (S1) = (2 x PP) - High Support 2 (S2) = PP - (High - Low) Resistance 1 (R1) = (2 x PP) - Low Resistance 2 (R2) = PP + (High - Low) CAMARILLA PIVOT POINTS: Pivot Point (PP) = (High + Low + Close) / 3 Support 1 (S1) = Close - (High - Low) * 1.0833 Support 2 (S2) = Close - (High - Low) * 1.1666 Support 3 (S3) = Close - (High - Low) * 1.25 Resistance 1 (R1) = Close + (High - Low) * 1.0833 Resistance 2 (R2) = Close + (High - Low) * 1.1666 Resistance 3 (R3) = Close + (High - Low) * 1.25 SUPPORT AND RESISTANCE LEVEL'S: Pivot Point ko istemal karke aap support aur resistance levels ko identify kar sakte hain. Support levels traders ko indicate karte hain ke price girne ki possibility hai aur resistance levels price badhne ki possibility indicate karte hain. In levels ko istemal karke aap entry aur exit points ko determine kar sakte hain. TRADING STRATEGIES: Pivot Point ko aap trading strategies mein bhi istemal kar sakte hain. Isse aap trend following strategies, breakout strategies, aur range-bound trading strategies develop kar sakte hain. Aap Pivot Point ke saath moving averages, oscillators, aur other technical indicators bhi combine kar sakte hain.