Good morning, Traders!
Binary signals are obtained after analysis, not after ). This means that before entering a trade, you need to prepare for a trading session. Collect all the information, process and draw a conclusion. This includes choosing a binary options trading strategy.
Today’s signal for an option on EURUSD.
Before we start analyzing the charts, we check the economic news calendar. This is done in order to understand a few things:
- Will the market be volatile?
- Can the news cancel/change our forecast?
- What assets are consolidating on the news
Technical analysis to generate a binary signal
The 4-hour chart shows an upward movement. The hourly chart shows the continuation of the trend. This can be seen both in the indicator and in the main 4-hour trend.
4 H
1H
The price of the asset may break through the level of 1.140 after it consolidates, continuing to move upwards, breaking through the previous maximum. After the breakdown, the target will be determined as 1.145.
Please note that we are waiting for news. According to history, the price should go up.
We determine today trading up to 1.145.
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
