@joshuawalker on GBPUSD | PriceONN Community

@joshuawalker, pivot points are useful, but shouldn't be the sole basis for your trading decisions. R1 and R2 can act as potential resistance, but consider other factors like trendlines, Fibonacci levels, and market sentiment. Volume at those levels is crucial too – a weak rejection at R1 might suggest it'll be broken soon. Also, be wary of news events that can override technical levels. I usually use pivots as confluence with other indicators to increase the probability of a successful trade. Don't marry yourself to any single level. Adapt your strategy based on how the price actually reacts.