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BINARY OPTIONS TRADING REVERSAL STRATEGIES

BITCOIN 781.950 11:20 03.12
BitCoin/CNY 5382.550 11:20 03.12
BITCOIN 782.045 11:00 03.12
BitCoin/CNY 5383.210 11:00 03.12
BITCOIN 782.136 10:40 03.12
BitCoin/CNY 5383.835 10:40 03.12
BITCOIN 782.186 10:20 03.12
BitCoin/CNY 5384.175 10:20 03.12
BITCOIN 782.498 10:00 03.12
BitCoin/CNY 5386.325 10:00 03.12
BITCOIN 780.288 09:40 03.12
BitCoin/CNY 5371.115 09:40 03.12
BITCOIN 781.315 09:20 03.12
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By: Adam Stone
July 22nd 2014 5:19am GMT, London UK
 

What do binary options trading experts expect for the day ahead? With the downgrade in the potential break of some of the US stock indices, specifically the S&P, the focus will most certainly be back on the major forex pairs. After the S&P fell to 1969, a level which now places clear emphasis of index traders to look elsewhere until the formation of the index’s daily and intra-daily charts are more adept at taking a break. After all, the main desire here is to see an immediate break above 1985 and then 2000. But as mentioned, this isn’t likely to occur today on any level and as such, the binary options trading strategies of choice will be strictly forex-centric.

For starters, the EUR/USD which is trading near 1.3523, is not showing much ability to break past either the major supports or resistances. However, don’t expect this relative status quo to remain for much longer. The current range of trading is between the support at 1.3515 and the resistance at 1.3535. This is a very tight range and binary options trading strategies will be hard pressed to find much to do within this oft-times broken range. Just to recall, the range was first broken on the 18th of this month towards the downside and again to the upside yesterday. So why don’t we consider the range wider, at least up to the highs/lows of these previous breaches?

It’s complicated but in the end you need to draw the most plausible lines in the sand. When looking at the EUR/USD, you can see that these breaks on the 18th and 21st of the month were rather momentary and the speed and momentum with which the market returned to its comfort zone between the support and resistance was impressive. The speed primarily was rather incredible seeing as how it usually takes such a long time for the market, without the help of a real significant news event, to return to a channel of trading of this type.

EURUSD with binary optins 7-22-2014

From a binary options trading strategy perspective its likely to be difficult to find the proper path. We see one possible method to take advantage of it all. Due to the very tight range, reversal strategies with binary option will likely be the choice most take advantage of first. Any touch or test of the resistance will lead binary traders to take down options and any touch or test of the support level will lead to an immediate uptake of up options.

Look for such reversals fast and often as the market heats up into the start of the EU session today. As we head into the US session, the lack of significant news will likely leave things rather quiet until the direction of the US stock indices becomes clearer. A big push by the S&P towards 1985 levels will very likely help push the USD higher and thus help reversal strategies with a test to the lower boundary of the trading channel.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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