Pivot points project support and resistance lines on the charts which can be used for forex trading. This indicator uses a calculation on the Open\High\Low\Close of yesterday, to predict the Support and Resistance levels of today.

This article shows you how calculate pivot points and how to trade pivot points. A break out technique is explained for trading pivot points. The break out setup happens when the price breaks out when any of the support or resistance lines.

Images are provided for easy understanding of the article.

Clcik visit resource to go to the article.