Watch big round numbers and their halves
See how price reacts at 1000 pips increments (1, 1.10, 1.20, 1.30) and their quarters (1.25, 1.05, 1.075 and so on).
The reaction at those levels is nearly guaranteed. Once price hit 1.10 recently, we saw a pullback of 350 pips to the downside.
Those psychological levels will be highly useful to any trader. They work well on majors (USD baed pairs), less so on crosses.
For educational purposes only.
The reaction at those levels is nearly guaranteed. Once price hit 1.10 recently, we saw a pullback of 350 pips to the downside.
Those psychological levels will be highly useful to any trader. They work well on majors (USD baed pairs), less so on crosses.
For educational purposes only.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.