Simple Price Action Forex Binary Options Trading Strategy
The simple price action is a trading system that is based on support and resistance with overbought and oversold levels of the V custom 3 indicators. The timeframe used in this system is 5 minutes or higher with an expiry time of 1-2 candles. This method works in any financial market.
Metatrader Indicators:
- Support and Resistance Barry,
- Moving Average 21,
- Vcustom3.
Call Entry:
- The custom indicator must have a green bar.
- The main chart must form the support (green dot).
- Enter at the opening of the next bar.
Put Entry:
- The custom indicator must have a green bar.
- The main chart must form the resistance(red dot).
- Enter at the opening of the next bar.
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