FX Bank Levels Explained.....
What are they, how do they work, why use them, when will they work, are they the same as regular support and resistance levels?
From The Desk Of: Paul Langham, Exact Trading
Location: 'The City' - St Clare House, 30-33 Minories, London EC3N 1DD
Date: 12th July 2019
Dear Forex Trader,
Welcome to the Exact Trading Bank Level Explanation page.
As you know, I use these levels for my own trading and make reference to them frequently in my videos.
In the series of videos on this page, I explain what they are and give some examples of how they can be used in your own trading and under what circumstances.
In the following video, you will see the bank levels being used in a type of 'suction' motion, they react just like your "Dyson vacum cleaner"; following a big move, price is 'sucked' into the bank level, which on this occasion, is very interesting as there are also round numbers involved.
'As Reversal Points'
In the following video, you will see the bank levels being used as reversal points.
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