Here you see the newly added Fibonacci Retracement you can find here! But first, I will draw another trendline to show how to draw them!
Binary Options Price Action Strategy Explained
I draw from this point to this point, so we see the price just touched the new trend line right here!
As you can see, the price touched the 38% mark! Another good sign for an upward trade! The price tends to reverse at these levels in many cases!
Now, we wait till the Stochastic crosses the signal line upward, this will be our final trade entry! If the 61% mark is broken against the trend, expect a trend reversal!
You see, the 1 minute expiration time missing would have turned this loss into a win! Anyway, my second position will win and get me back my loss!
This position expires in 15 seconds! ... as a winner!
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