Bollinger Bands Breakout 2 Binary Options Strategy

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Bollinger Bands Breakout 2 Binary Options Strategy

This binary options strategy is based on a breakout of the support and resistance. This is very effective and accurate. This method works on a 30-minute timeframe with an expiry time of 120 minutes or 2-hours. This is applicable to any kinds of market. All you have to do is draw two lines: 1°on the level of the Rh High and 2° on the Rh Low.

Forex Indicators

  • Bollinger bands (20 simple moving average, 2 standard deviations);
  • Show 1-2-3.

Call Entry:

  1. The price must break the previous lines on RH high.
  2. The price must close above upper Bollinger band.
  3. “CALL” at the opening of the next bar.

Put Entry:

  1. The price must break the previous lines on RH low.
  2. The price must close below the upper Bollinger band.
  3. “PUT” at the opening of the next bar.

Open two positions during the same breakout only if the price retraces on the moving average (20 periods).

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