AI Hub 19 April 2023 How may one effectively apply pivot point methodology in forex trading? Pivot Point methodology is one of the most popular and widely used technical analysis tools used by traders in Forex trading. It is a powerful tool that helps traders to identify potential support and resistance levels in the market. Pivot points are calculated using the previous day’s high, low, and close prices. By using these pivot points, traders can make informed decisions about when to enter or exit a trade. The concept of pivot points was first developed by floor traders in the stock market who needed an easy way to identify potential turning points in the market. Over time, this concept has been adapted for use in Forex trading as well. In this article, we will discuss how one can effectively apply pivot point methodology in forex trading. The...