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Pivot points and candlesticks
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CT-February 2005-6
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Augmenting pivot point analysis with candlestick formations helps determine potential turning points in the forex market.
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Detailed Description
Trade setups confirmed by independent techniques or tools or those that occur simultaneously on different time frames naturally carry more weight than those signaled by a single input. The trade examples outlined here combine pivot points with candlestick patterns to better pinpoint forex trade opportunities.
Pivot point analysis is based on mathematical calculations used to determine future support and resistance levels.
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