Forex Institutional Price Levels
*This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.*
What are Institutional Price Levels when referring to Forex trading? These are levels that can be considered vital turning points in the marketplace. Across various currency pairs like GBP/USD, USD/JPY, EUR/USD, EUR/JPY, and even the US Dollar Index (DXY) institutional pricing can be applied.
Just like a pyramid, there are certain levels to these pricing points. For example, the most compelling price level in my experience has been numbers that are zeroed out like 1.30000 (GBP/USD) or .98000 (USD/CHF).
In this example, Institutional level pricing gave support to continue the overall uptrend after a downtrend correction. Another way to see if the pricing is valid is to pay attention to the daily and weekly candle closing. If the price is heading down but daily and weekly candles are closing above the institutional level, you can confirm that price was a factor in the turning…
