Binary Options Strategy – Fibonacci Expansion
The strategy consists of the following, first we construct a Fibonacci expansion “top-bottom-top” as in Fig. 1 “A, B, C”. After that three levels appear , respectively FE 61,8 – FE 100-FE 161,8. When the price breaks the 61.8 there is a 90% probability that it will reach the next level of FE 100. In case of a break at point 1 (in blue background), I open short position (Put option) regardless of the time frame (M1, M5, M15, M30, H1, H4, D1, W1, Month). Depending on the preferred binary option type the appropriate frame has to be selected.
This Trading Strategy is provided by Dimitar Petkov
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