Support And Resistance Bounce Forex Binary Options Trading Strategy
The support and resistance bounce binary options strategy is a classic trading technique adapted and reworked with MetaTrader 4 indicators. The principle of this strategy is that if the price does not break support or resistance, it will bounce. The goal of this strategy is to capture this rebound.
This method is applicable to any financial market and works in any timeframe. The expiry time would be 1-2 candles.
Metarader indicators:
- fib SRT
- EMA crossover signal (EMA fast one, Ema slow 2)
- Stochastic indicator (programmed by Sugarman) (5,3,3,).
Call Entry:
- The buy arrow of the stochastic indicator must appear.
- The price must bounce on the first support. This situation can occur if the buy arrow of the EMA crossover appears.
Put Entry:
- The sell arrow of the stochastic must appear.
- The price must bounce on the first resistance. This situation can occur if the sell arrow of the EMA crossover appears.
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