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Forex Pivot Points

Professional forex traders and market makers use pivot points to identify potential support and resistance levels. Simply put, a pivot point and its support/resistance levels are areas at which the direction of price movement can possibly change. The reason why pivot points are so enticing? It’s because they are OBJECTIVE. Unlike some of the other indicators that we’ve taught you about already, there’s no discretion involved.
by Sz. Daniela
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Support and Resistance

“Support and resistance” is one of the most widely used concepts in forex trading. Strangely enough, everyone seems to have their own idea of how you should measure support and resistance. Let’s take a look at the basics first.
by Sz. Daniela