Destra Daily Trade Indicator simple trade with the trend and round numbers in forex price levels for optimal profit. Round numbers are powerful, even in Forex trading, because institutions usually place their orders at those levels.
Round numbers in Forex are price levels such as 1.10 or 1.12. We allow two digits after the point since numbers are smaller (compared to stocks).
You can trade round numbers on both lower and higher time frames. The key lies in observing the reaction in price action when the price gets to a round number.
Once price hits a round number, it can do two things:
- Reverse
- Continue (after a pullback or retracement)
However, it is not unlikely that price will consolidate prior to reversing or continuing. As a result, a trader interested in trading round numbers would need to either identify strong reversal price action patterns or a strong breakout.
This is an indicator I made for it. Downloads for your trading system reference.
Note : The indicator is only for Mt4
This is an indicator I made for it. Downloads for your trading system reference.
Note : The indicator is only for Mt4
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