The Utility of Psychological Levels in Trading
Creating a Strategy Based on Psychological Levels
5 min readJul 20, 2022
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?
