Psychological Quarter Resistance Levels 1.06250 and 1.06500
Psychological Level: Price points in a market that hold significance due to their simplicity and ease of use.(Round Numbers)
Price is resting in-between psychological levels 1.06250 and 1.06500.
Price has pulled into these areas and previously rejected. Price has the potential to return back to either of these areas between the times of 8AM to 9AM.
IF price pulls into psychological level 1.06500; we will enter a SELL position, anticipating a rejection. In contrast,
IF price falls into psychological level 1.06250; we will enter a BUY position, anticipating a rejection.
Thorough backtesting has shown, in between the times of 8AM and 9AM; approximately 40% of the time price will reverse at the current Psychological Level and return to the previous Psychological Level.
Price is resting in-between psychological levels 1.06250 and 1.06500.
Price has pulled into these areas and previously rejected. Price has the potential to return back to either of these areas between the times of 8AM to 9AM.
IF price pulls into psychological level 1.06500; we will enter a SELL position, anticipating a rejection. In contrast,
IF price falls into psychological level 1.06250; we will enter a BUY position, anticipating a rejection.
Thorough backtesting has shown, in between the times of 8AM and 9AM; approximately 40% of the time price will reverse at the current Psychological Level and return to the previous Psychological Level.
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