Binary and digital options are only advertised and offered to professional traders. If you are not a professional trader, you can not trade binary and digital options. But you can trade forex and cryptocurrencies.

Part 6: Technical Analysis – Using Fibonacci line (trade)

This article is a loose follow-up on our last episode Using Fibonacci lines (Strategy), so i recommend you to read it first, if you do not know how to trade using Fibonacci lines. Today I did not have much time for trading, but nevertheless i have made one trade for you, using the Fibonacci line method, as to show you how easy it is to find such trades.

Trading USDJPY with the expiration time of 20 minutes.

Trading USDJPY

Image 1: Situation (Timeframe M15)

I drew Fibonacci lines (see Image 1) and just waited until the price approaches one of them. Then at 17:30 i have noticed what is happening to the price, i tensed and zoomed in on M1. (see Image 2) and at that moment i have invested on turnover (CALL).

Entering the CALL trade

Image 2: Entering the CALL trade (Timeframe M15)

One more picture (Image 3) with timeframe M1, for you to see how exemplary turnover our price showed.

Detail view of trade

Image 3: Detail view of the trade (Timeframe M1)

Author

Step

More about the author: Step

I've wanted to build a business of some kind and earn money since I was in middle school. I wasn't very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

Leave a Comment

General Risk Warning:
The financial products offered by mentioned companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Copyright © 2018. All Rights Reserved. x Binary Options