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...
There's no such thing as round levels , instead: 1) You open the option chain of given vehicle; 2) You notice the step between the strikes that have significantly higher volume/OI than the other ones; 3) for example on ES dem would be xx50.00 and xx00.00; Without further analytics of the option chain, the very general rule is that these levels usually stop &...
Tradingview provides unique opportunity to watch round numbers both EURUSD and USDEUR. Round numbers do work as support and resistance. Perhaps the only levels that one can rely on. But it should be remembered that American continent watches and trades primarily USD vs EUR, while in Europe it is the opposite case. Watch for round numbers confluence on mirror...