Binary option strategy 5 minute chart 2017 home
It is a simple breakouts strategy that uses two Meta Trader 4 indicators: I didn't place a Call binary option on the next candle, but it would have been an ITM trade as well. This strategy is based on tracking pinbars candles which have their wick at least 2 times longer than the body. The big bearish candle smashed out of the channel, one minute before the close, I entered my trade. Skip to main content.
This strategy is recommended for currency pairs, but it might as well work with other assets. He has no business nor personal relationships with any mentioned government entities or stocks. The candle opened at The British pound was boosted after some positive Brexit headlines earlier today, but later plummeted over pips because of a failed Brexit deal. Binary strategypinbarvalue chart.
On the 5-minute chart, you can see the overextended candle with a big wick that broke the recent support. Log in or register to post comments. I waited for some time to take this trade, but in the end, it paid off. After a small pullback 3 bullish candlesthe pair found new resistance, after which the price continued south. Thu, 14 Dec
After losing pips, the price started to consolidate, and I was looking to enter a Call trade. To perform successfully with this trading style, you need price action knowledge and should spend some time on the charts. I have placed a Put binary option in the last scenario on this chart, which one may consider a bit risky because of the long wick.
When the price is moving in a downtrend and a bearish candle closes below support, it proves to be a good Put trade signal. The Pound just bounced from support 1. Skip to main content. I prefer skip trading after such an indecisive candlestick. Hi, is it possible to get your mt4 template?
This strategy is recommended for currency pairs, but it might as well work with other assets. Moreover, it can be used with all sorts of currency pairs. After a small pullback 3 bullish candlesthe pair found new resistance, after which the price continued south. The price clearly continues south, and I was looking to place a Put trade. The fourth candle bullish candle with no wicks closed above the most recent resistance, and I placed a 5-minute Call trade.