Good morning. Binary options signals are generated based on analysis. After looking at the economic calendar and news feed, we decide which asset to trade.
Expecting a correlation between indices and currencies, we check the charts of the indices, which indicate the general mood of the market.
At the same time, we can check the activity and behavior of the major currency pairs, as well as finding allies and rivals. This will help us avoid mistakes and negative trades. Each binary signal must be justified by specific factors and patterns of behavior of the price of a binary asset.
Pay attention to the behavior of EURUSD and USD/CAD. The movement is the same. Therefore, it makes no sense to open positions on these two currencies at the same time.
Also, USD/JPY and AUD/USD show a mirror deposit. Therefore, it is impossible to open opposite transactions on these assets.
In these charts, we can see that gold is rising, while EURUSD is falling (the dollar is strengthening). This happens almost always.
The chart clearly shows that the price is in a charged state and should fall further, breaking through the weekly low. Trading today on this asset, we open trades only downwards.
We set the price target at 1.105 (there is a possibility that the price will go lower). Use binary options strategies to manage trades.
Don’t trade blindly. Pivot levels help us identify pivot points. We use them, almost always in our strategies. This helps to avoid repeating mistakes.
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
