Anbat

Psychological whole numbers

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
166 0 1
Remember that psychology plays a role in traders. The reaction of NEWS on pairs affects if pair will go up or down. If you have been trading charts for any length of time, another reason is noticing Support & Resistance areas.

Have you noticed around either Double Zero's or Triple Zero numbers that odd behavior in price action will have an a tendency to exhibit. (Prices such as 1.46000 or 1.47000 on GBPUSD             pair). People most of time will automatically round to nearest whole number. This price action even goes down to 100 pip increments or,' The Fifties' like on this chart like ( Prices such as 1.44500 or 1.4450). The whole numbers psychological principle can help you on any TFs.

Keep in mind the basic's of trading which will be your foundation, for you to then build your trading strategy on.
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