level of R2 or S2 4). This is the situation seen in the chart.
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Pivot Forex Strategies - Forex Strategies - Forex Resources - Forex
Daily Pivots Beginner Forex Strategy
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About The Trading Indicator, this indicator is a simple indicator with boundless opportunities. In the Pivot zone the probability of a turn of the price is high, and in case of breakdown - movement at least to the following. Several practical notes, conclusion, ability to correctly determine key points on the price chart is one of the basic conditions of the effective trading. Application in trade practice, for Forex Pivot Points strategy these levels allow to identify a market situation and approximately estimate prospects, both on trend movement and during a flet (border of the horizontal channel). A more appropriate entry would be a Buy Limit trade, using the price at the blue pivot as the entry price. Usually, the previous candle would have closed above this line, so the key to the trade is to wait for a possible pullback to this line. StopLoss put at the.5 level (in case of purchase).5 (in case of sale). Anyway, if the market has opened day above a rotation point, then it is necessary to give preference to purchases.