In this post, Dr.Graph shows you the possibility to use the custom indicator "Forex Insight Pro 6.0" to help in binary option trading with any brokers. This custom indicator will help you compare the closing prices of a group of 5 consecutive bars with its function CC(5,9) and will automatically draw CC(5,9) support and CC(5,9) resistance lines for you. These lines will surprisingly be respected by the price actions. Then go to your binary option trading terminal and set option expiry to 2-3 minutes (each broker will have their different expiry choices for customers). The amount of investment should be set to 1% - 3% of the account balance to be considered a good money management because you will not be afraid to have losing entries which are not avoidable. After setting the trade terminal, wait patiently for the price actions to come to the CC(5,9) light blue support line or CC(5,9) orange resistance line and react to these lines accordingly.
In the above graph of EURUSD M1, the price action came down to the light blue CC(5,9) support line while the pink center line of Bollinger band (50,2) is downward. The light blue line failed to support the price. After the support line was broken, it turn to be a resistance. The price action went back up to test this light blue resistance. It could break above this line as well as the pink line but failed back down in two candles later. This indicated the following downside directional movement within the duration of PUT option 2-3 minute expiry. Your job is to keep entering the trade only with the good reactions of the price and the CC(5,9) support and resistance lines generated by TradingView + Forex Insight Pro 6.0.
Traders who are interested in Forex Insight Pro 6.0 please contact Dr.Graph at [ https://m.me/nimit.chomnawang ]. The FIP6 can be rent at 10 USD per month or purchased with a lifetime free upgrade for 100 USD.
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