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Want to make money trading binary options? The first step is to find a reputable and regulated binary options broker like Originoption. Originoption is based in Australia, regulated by the Australian Securities and Exchange Commission ASIC and even offers all clients free demo accounts so you can practice and refine your binary options trading strategy.

Technical analysis is the science or art! In this piece we will take a look at some popular forms of technical analysis that can be applied to binary options markets in order to turn a profit. Trend following is a time honoured and proven technical analysis strategy popular in the forex and stock markets.

Once you have identified the trend, the aim is to look for trading opportunities in the direction of the trend. You could look to trade a breakout, or continuation of the trend, or another option is waiting for a resumption of the trend after a structural correction. Candlestick charts were developed centuries ago in Japan and came to dominate western charts in the mid 20th century. Candlestick charts are far superior to a simple line trade binary options strategy predictor most reliable 60000 as they show you all the information you need to analyze a particular market: A candlestick pattern is a distinctive candlestick, or series of candlesticks, that usually leads to a reversal or continuation of the market trend.

There are far too many candlestick patterns to list here but we will name a few of the more popular ones that all traders should familiarize themselves with: Candlestick patterns are extremely popular amongst Originoption traders as they can be very reliable for predicting the next market move. Chart patterns are another popular method of technical analysis used by Originoption traders. Where a candlestick pattern is usually only comprised of candles, a chart pattern is comprised of a multitude of different candles, which together, form a larger pattern.

Just like candlestick patterns, chart patterns are very reliable and can signal both trend reversal and continuation. The most widely recognized and reliable reversal pattern is the Head and Shoulders bearish reversal pattern.

Another related pattern is the Inverse Head and Shoulders, which is the trade binary options strategy predictor most reliable 60000 pattern but flipped upside down and which occurs at the end of a down trend.

Once again, the trade signal occurs on a break above the neckline. This was just a quick introduction to technical analysis in binary options, as you can see there are many different approaches which suit different people and different strategies. Want to get started? Come over to Originoption today and hone your analysis and trading skills on a free demo account! Your email address will not be published.

Notify me of follow-up comments by email. Notify me of new posts by email. The trend is your friend Trend following is a time honoured and proven technical analysis strategy popular in the forex and stock markets. Trade binary options strategy predictor most reliable 60000 first step is to identify the direction of the trend: Candlestick patterns Candlestick charts were developed centuries ago in Japan and came to dominate western charts in the mid 20th century.

Bullish Engulfing — A bullish reversal candle that occurs at the end of a downtrend, closing above the open of the final bearish candle.

Bearish Engulfing — A bearish reversal candle that occurs at the end of an uptrend, closing trade binary options strategy predictor most reliable 60000 the open of the final bullish candle. Bullish Hammer — A bullish reversal candle that occurs at trade binary options strategy predictor most reliable 60000 end of a downtrend. A new low is set initially, but the candle eventually closes slightly above or below the open, leaving a small body and long lower wick that resembles an upright hammer.

Shooting Star — A bearish reversal candle that occurs at the end of an uptrend. A new high is set initially, but the candle eventually closes slightly above or below the open, leaving a small body and long upper wick. Chart patterns Chart patterns are another popular method of technical analysis used by Originoption traders. Leave a Reply Cancel reply Your email address will not be published. Canadian personal finance website in simple terms from a Canadian perspective.

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