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You can clearly see on the chart the reversal in direction and the small channel with lower highs. After the pullback, the pair was on a rally again, and I placed a 5-minute Call trade based on pure price action. The Euro was boosted after the positive macroeconomic news; the pair reached new high of 1.
The article is written for informative purposes only and it is not financial advice. The Pound just bounced from support 1. You can clearly see the formed channel and its break out with a big bearish candle.
The currency pair found resistance at If you want to use the 5 minute strategy you can download free indicators and template. FX Crypto App - Free forex signals and crypto signals. Wed, 13 Dec
Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. How to trade trend lines and channels - Forex and Crypto. To perform successfully with this trading style, you need price action knowledge and should spend some time on the charts.
My trading style is based on support and resistance breakouts for trading 5-minute binary options. Wed, 13 Dec The Euro was boosted after the positive macroeconomic news; the pair reached new high of 1. Thus, I had to wait and see what came next. Skip to main content.
The candle opened at Breakouts trading - 5 minute binary options You are here Home. The British pound was boosted after some positive Brexit headlines earlier today, but later plummeted over pips because of a failed Brexit deal.
At the close of that candle, I entered a new 5-minute Call trade. The Pound just bounced from support 1. When the price is moving in a downtrend and a bearish candle closes below support, it proves to be a good Put trade signal.