Good morning Traders. Today we will deploy the EURUSD pair , a binary asset. This signal for the option is generated by a binary strategy. Trading recommendation for classic options.
We cannot ignore the news, as trades are opened for more than 30 minutes . Therefore, the release of significant economic news can change the direction of price movement, for a while. Unlike forex, there is a time limit. Since we cannot predict the movement of the asset, as well as the time of correction, we always look at the calendar of economic news.
Let’s take a look at the EURUSD charts in order to prepare for trading and write our action scenarios and understand when a binary signal will be formed.
Let’s start with the daily chart. As we can see, the price is moving downwards, maintaining the direction of the end of last week. This bearish trend is also formed on the weekly chart.
Four-hour chart. Shows us that the movement is working inside the channel. Stochastic signals two scenarios:
1. The price will stagnate at this level, after which it will go down
2. There will be a correction to the level of 1.139.
The hourly chart clearly shows the formation of a binary signal. The price moves in the channel. If the level of 1.138 is not broken, the price will go down the channel. The target will be marked at 1.133
Conclusion on market analysis:
Prepare to trade for a fall to the level of 1.133
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
