The Utility of Psychological Levels in Trading

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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Sofien Kaabar, CFA

Sofien Kaabar, CFA

Trader & Author of “Contrarian Trading Strategies in Python” Link to my Book: https://amzn.to/3R8Yj1D