Price Action Trading For Binary Options in IQ Option or Olymp Trade or Binomo - #binarypriceaction

7 most important things you should consider before taking CALL or PUT in Binary options.  1.Trend Understand what is the overall trend by analyzing major and minor trends. Example: If the price of an asset or currency is going up in the past 30 mins or 1 Hour with retracements, then the major trend is to be considered as a UP trend. The most recent direction such as the last 5 mins or 10 mins is eventually your minor trend. You need not see for 4 hours or 5 hours to consider this if you are going to take the trade with a few mins expiry such as 1,2,3,4,5 mins. In case you are going to take trade for the whole day, then maybe you require to take analyze at least a week's chart before placing your trade. Detailed video for you on how to observe trends in Binary options trading. 2. Support and Resistance💪 Support and resistance are misunderstood mostly as horizontal lines but it is not exactly horizontal lines. It is horizontal plus the trend lines that you draw on the chart. support

Answer: Firstly, relating the retracements concept with the help of real-life definition is key to understanding retracements. Definition of Retracements with real-life know definition:    In real life Price Action,  Retracements should be compared with Newton's third law of motion that is "For every action, there is an equal and opposite reaction".     Similarly, retracements in Forex or stocks trading are the same where buyers from the  buyer's  area take action and sellers from the  seller's  area react and vice versa. The thing we should note here is whether the reaction is equally opposite or not.   Now if sellers in those areas are weak then their reaction is not equal and the major trend continues. I.e.  Buyers again react to sellers' actions. This continues until the reaction of one side (Buyers or Sellers) becomes equal and then starts dominating. This is what we also know as Momentum Shift.   Momentum and Trend are the most influencing factors in tr

  Understanding Support and Resistance is one of the most important concepts of price action. Support and Resistance are the areas that actually turn or hold the market in any of the directions such as UP or DOWN. In short, Support is the area where buyers buy the asset, forex, stock, or commodity, and Resistance in the area, where sellers sell the same assets. A common mistake that most of the new traders do is they think and see support and resistance as points or lines. That's not at all true. Forget that concept. SNR is NOT a point or line but an  AREAS. Having said that, we should understand that buyers and sellers are present in all parts of the chart, that's the reason why the price keeps moving down or up every moment. Generally speaking, these are all support and resistance points. However, these are not areas that have the volume of strong buyers or strong sellers. We can find the clear Buyers and Sellers are in the chart where price exactly reverses in up direction