Forex Pivot Points

Professional traders and market makers use pivot points to identify important 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.

Pivot points are especially useful to short-term traders who are looking to take advantage of small price movements.

Pivot points can be used by both range-bound traders and breakout traders. Range-bound traders use pivot points to identify reversal points. Breakout traders use pivot points to recognize key levels that need to be broken for a move to be classified as a real deal breakout.

Here is an example of pivot points plotted on a 1-hour EUR/USD chart:

Forex Training Class Lessons in 8th Grade: Pivot Points

1. Forex Pivot Points
2. How to Calculate Pivot Points
3. How to Trade with Pivot Points
4. Forex Pivot Point Trading Tips
5. Summary of Forex Pivot Points

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