# Pivot Points Levels Calculator

How to Use Pivot Point Calculator for Forex Trading

1. Understanding the Pivot Point:

The pivot point is a crucial reference value in this strategy.

2. Observing Market Conditions (10:25-10:30 am):

Take note of the price of the currency pair between 10:25-10:30 am, roughly half an hour after the market opens.

3. Selecting Support and Resistance Levels:

You have the option to choose between standard support and resistance values or Fibonacci levels. Both methods yield effective results; choose the one that aligns with your trading style.

4. Setting Targets and Stop Loss:

Establish a profit target of either 0.75% or 1%.

Implement a stop-loss order at 0.5%.

5. Identifying Market Scenarios:

Several scenarios may unfold between 10:25-10:30 am:

;

Scenario 1: Price Below Pivot but Above S1:

▪ Buy the currency pair if the price rises above the pivot point.

▪ Sell the currency pair if the price falls below S1.

◦ Scenario 2: Price Above Pivot but Below R1:

▪ Buy the currency pair if the price surpasses R1.

▪ Sell the currency pair if the price drops below the pivot point.

◦ Scenario 3: Price Close to Pivot (+/- 0.02%):

▪ Buy the currency pair if the price breaks above R1.

▪ Sell the currency pair if the price falls below S1.

◦ Scenario 4: Price Between R1 and R2:

▪ Buy the currency pair if the price breaches R2.

▪ Sell the currency pair if the price dips below the pivot point, but not below R1.

◦ Scenario 5: Price Between S1 and S2:

▪ Buy the currency pair if the price climbs above the pivot point.

▪ Sell the currency pair if the price drops below S2, avoiding buying above S1.

◦ Scenario 6: Price Between S2 and S3:

▪ Follow the same principle as Scenario 5: Buy above the pivot point and sell below S3.

◦ Scenario 7: Price Between R2 and R3:

▪ Follow the same principle as Scenario 4: Buy above R3 and sell below the pivot point.