Indicator to trading binary options for free money
First, the chart is making higher highs in price but lower highs in the Stochastics. This identifies a retracement should occur. Price then forms a higher low Point indicator to trading binary options for free money in price but a lower low in the Stochastics hidden divergence.
Additionally, Points 1, 2, and 3 on price have formed a reversal pattern confirming the hidden divergence. Point 2 is lower than Point 1 and Point 3 shows that price will more than likely close above the high of the price bar marked by Point 2.
The combination of these patterns indicate that price will go return to the R1 line red dotted line on the chart. Instead of using an At the Money binary option, the trader can choose one strike price out to lower his risk. Price is at the R1 as anticipated and there is another 48 minutes left on the binary option. For every minute a trader is in the trade, a value is associated with his earnings or losses, as the case may be. However, he is also risking losing all profits because price may reverse R1 is a strong resistance area.
Price expired less than A highly respected trader, trainer, author, and speaker residing in North Carolina. She has over 15 years of experience in trading and in the development of custom indicators. She is a successful author and has published several books on topics like how to use volume analysis, trading binary options and spreads.
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