GBP/USD binary options strategy
An easy strategy that applies to GBP/USD. It consists of the following steps: first I open H1 chart (one hour) and then I build two moving averages – 144/exponential/close 169/exponential/close. When the price crosses the two moving averages and closes above (or below) the two MA’s this is an 80% signal that the price will continue in the same direction.
Upon receipt of such signal, a Call or Put option could be played, depending on how the price has crossed both MA and where the previous candle has closed. The screenshots below show a few examples. This strategy can be tested in the trading platforms by building the necessary MA and going back in the chart of the currency pair – there it could be examined how often the suitable moments for trades have been repeated.
This Trading Strategy is provided by Dimitar Petkov
The charts and strategies in this article do not comprise any form of advice or recommendations by ActionBinary.com to buy, sell (or refraining from making) any trade or investment. It is recommended that you seek independent advice before entering into transactions.