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Action Bias - Live Forex Technical Indicator for Trend Prediction and Forecast, Best for Beginners and Advanced Traders. Upside momentum, downside momentum. - USD. What are Forex Pivot Points? Forex pivot points are calculated horizontal price levels on the chart. These levels show potential areas where the price can reverse, especially during the first touch of these levels.
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There are different options to get the pivot points without doing the calculations above manually.
The image shows one long and two short position opportunities. Since the trade is long and it is open on a breakout through R2, the target limit order should be placed somewhere above R3 we have no R4 level.