Hello everybody.
I've been testing indicator on my charts that shows Support, Resitance and Pivot level. Has anybody traded it this way using support and resistance? I read on babypips that if market price is below the pivot level then its selling and it will hit the support level 1 but it doesn't work that way, sometimes it goes down 50 pips below pivot level and goes up again. Can someone walk me through clearer with how to trade using support and resistance level. Please.
I've been testing indicator on my charts that shows Support, Resitance and Pivot level. Has anybody traded it this way using support and resistance? I read on babypips that if market price is below the pivot level then its selling and it will hit the support level 1 but it doesn't work that way, sometimes it goes down 50 pips below pivot level and goes up again. Can someone walk me through clearer with how to trade using support and resistance level. Please.