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It is also possible to use the indicator very effectively in a conjunction with other forex indicators or trading system.Especially placing Stop-Loss or Profit-Target levels based on the Pivot Point indicator is usually a very good idea, because a price reverses from support (S1, S2, S3) and resistance (R1, R2, R3) levels very often and very accurately.

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Trend continuation patterns are formed during the pause in the current market trends and mainly mark the movement continuation.These patterns indicate that the price action displayed is a pause in the prevailing trend.. They help traders to differentiate pause in the price movement from its complete reversal and show that upon breaking out of the pattern the price trend will continue in the

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