Round numbers in your strategy: how do you use them?
Price clusters around round numbers because orders cluster there — 1.1000, 150.00, 0.9000. The levels are self-reinforcing and worth marking, though they break as often as they hold.
How do you trade them?
- the round numbers you mark in advance
- how you use them for entries, targets or filters
- the round number that acted like a wall
The support and resistance guide covers the psychology of round levels.
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