Pivot Points
Pivot points are points of support and resistance. They are calculated using the open, high, low and close from the previous trading day. You can calculate monthly, weekly, daily or even intraday pivot points. Standard pivot points include the central point, three full support and three full resistance levels, but two halfway support levels and two halfway resistance levels are also often included. Pivot points are thought to work very well in liquid markets, this is why the forex market is a perfect place to use them.Best Forex
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