You, probably, noticed that you want to place stop orders somewhere in the region of round price values of 1.00000, 1.10000, 1.20000 or 1.25000, 1.25500, implying that the price, having overcome a certain value, is likely to go further than it turns in the opposite direction. The more zeros in the quote, the stronger the psychological level of forex. But often such a strategy entails a loss or a shortfall in profits.
Then the question arises: where to place a stop order (stop loss or take profit)?
In my trading experience, I noticed an interesting tendency that the market is slightly frozen around 20-30-50-70% between numerical values of 1-100 or 1-1000., For example (on the USDCAD pair),
from MQL5: Traders' Blogs https://ift.tt/2HsZRTO
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