@matthew1994 on EURUSD | PriceONN Community

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M
matthew1994 PRO newbie
EURUSD Feb 20
I'm trying to understand how to best utilize pivot points for EURUSD. The price seems to be hovering around the main pivot at 1.17639 right now. Does anyone have a reliable strategy for using these levels to determine entry and exit points? I'm particularly interested in how to combine pivot points with other indicators like RSI.
EURUSD

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M
matthew1994 PRO newbie Feb 20
Update: I've been doing some backtesting and it seems that using pivot points as a confirmation tool alongside the 50 SMA might be beneficial. When the price is above the 50 SMA (currently at 1.17769) and approaching R1 (1.17725), a long position *could* be considered, but with a tight stop-loss just below the pivot. Conversely, below the SMA and approaching S1, a short. Has anyone else had success with this combination, or am I missing something crucial? I'm trying to avoid false signals and reduce my risk, especially considering the neutral trend.
EURUSD 1.14436 -0.13%
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