Pivot Points is used by traders to objectively determine potential support and resistance levels.

Pivots can be extremely useful in Forex since many currency pairs usually fluctuate between these levels. Most of the time, price ranges between R1 and S1.

Pivot points can be used by range, breakout, and trend traders.

Range-bound Forex traders will enter a buy order near identified levels of support and a sell order when the pair nears resistance.

But there are more one method to determine Pivot points.

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