The Utility of Psychological Levels in Trading

Creating a Strategy Based on Psychological Levels

We are often told that a certain support or resistance level is psychological. This generally means a round number or a par-number such as 1.0000 on the USDCHF or $100 on Apple. The question is, if we approach the psychological levels, is it worth initiating trades?

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Introduction to Psychological Levels

Psychological levels form an important part in any analysis. The reason for this is because mentally, they are given more…