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:
- The price must break the previous lines on RH high.
- The price must close above upper Bollinger band.
- “CALL” at the opening of the next bar.
Put Entry:
- The price must break the previous lines on RH low.
- The price must close below the upper Bollinger band.
- “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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