How to use support and resistance using binary options. Full Article: http://bit.ly/K7bWWh

1. Binary Options Trading
Support - Resistance

2. What is Support & Resistance
- Definition

3. “ Support – The lowest price level an instrument can get to,
before the price starts increasing.
Resistance – The highest price level an instrument can get to,
before the price starts decreasing.
Source: Support & Resistance Trading Strategy

4. How to trade using Support & Resistance
levels in binary options

5. • Trend lines are formed with every support and resistance
levels that are reached.
• When a support level is reached, prices tend to move higher
(it is ideal to place a CALL option at this point)
•When a resistance level is reached, prices tend to fall making
it ideal to place a PUT option at this point.
• Not all support and resistance levels are strong. So look out
for false levels.

6. So how to use Support and Resistance
levels in Binary Options?

7. • Set up your charts to a 15 minute time frame. This is the
optimal setting to identify strong Support & Resistance
Levels.
• With support & resistance trading, you are basically trading
using the trend lines. (However note that there might be breakouts from time to
time which will breach and set up new support and resistance levels.)
• When placing a binary options trade, make sure the expiry
times are within the charts that you are using. (ex: If you are
following a 15 minute chart, the expiry time should be 15 minutes or less)
• High/Low Type of Binary options works best.

8. Resources for Further Reading on
Support and Resistance Levels

9. Trading Binary Options with Support and Resistance Levels
(Source: Binary Options Reviews UK)
What is support and resistance (source: wikipedia)

10. Thank you!
For more details, on how to trade binary options,
with trading tips and strategies, click here.