Applies to all charts in all timeframes Technical analysis requires Forex strategy youtube, discipline and practice. Experience the Next Generation of Online Trading. 5 20. This type of trading is a constantly-evolving experience, here are the formulas you need: Resistance 3 High 2(Pivot - Low) Resistance 2 Pivot (R1 - S1) Resistance 1 2 Pivot - Low Pivot Point ( High Close Low )3 Support 1 2 Pivot - High Support 2 Pivot - (R1 - S1) Support 3 Low - 2(High - Pivot) As you can see from the above formulas, just by having the previous day's high, low and close prices, you eventually end up with 7 points: 3 types of oil Forex trading levels, 3 support levels and the actual pivot point.
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