Pivot Points Tested: Price Bounced Off the Lines 49% to 53% of the Time, and Random Lines Did the Same Within 2 Points on All 4 Charts
Daily pivot points measured on EURUSD and gold, M5 and M15, over 1,139 first touches. The lines held about as often as random lines drawn nearby, and 0 of 26 EURUSD pivot rules made money after the spread.
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