How To Use Support And Resistance Lines When Trading Binary Options
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How To Use Support And Resistance Lines When Trading Binary Options https://www.youtube.com/watch?v=FZZgcCGux6A
I am often asked in the comments how to determine the point of entry into the Martingale strategy.
Today I’ll show you how to use support and resistance levels in Binary options.
We set the chart for 15-minute or 5-minute timeframe. We use the Line tool and find the level of resistance by the tops of the candles.
We find the level of support by the lowest levels of the chart in the same way.
And now we watch for the chart to reach or break through one of the levels – in this case we are betting in the opposite direction.
Let’s open 4 windows with different positions – it will be much faster in this way. We do the same thing in all the windows.
Here we see the first touching of the level, and I bet in the opposite direction.
And in the meantime, we watch the other positions. Here we see touching of the support level on euro/dollar Position. We bet .
Great, our first two bets have triggered.
Levels must be rearranged from time to time. And we wait for the next touching of the level.
And here again we see the resistance level broken through, and we bet for a fall.
You should wait until either a touching or a breakthrough. We see that our bet does not win, so I prepare in advance and again bet for a fall using a Martingale strategy. I hope you know the table of bets; if you don’t, I will write in the description below the video.
Here we see the breakthrough and bet . And according to the Martingale strategy, we bet 0 as our bid didn’t trigger.
Now euro dollar lost and we bet 30 for a rise.
Pound dollar – bet 30 for a fall.
Now, bet 180 on the euro dollar.
And now all of our three bets have won, we are just waiting for euro/dollar.
We are waiting for our bet of 0 to trigger
Well, we lose the 180 bet, and then we bet 440, and I think that this bet will trigger for sure.
Now we see that the chart is back and we’ll win our bets. Here you can see my bets for the entire period.
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