What are Povit Points 

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ISBN: 978-5-23-152381-0

Copyright © 2022 HABFOX

What are Povit Points 

Professional traders and market makers use pivot points to identify
potential support and resistance levels.
Simply put, a pivot point and its support/resistance levels are areas at
which the direction of price movement can possibly change.
The reason why pivot points are so enticing?
It’s because they are OBJECTIVE.
Unlike some of the other indicators that we’ve taught you about already,
there’s no discretion involved.
In many ways, forex pivot points are very similar to Fibonacci levels.
Because so many people are looking at those levels, they almost become
self-fulfilling.