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A signal to open a CALL option will rebound upwards from the bottom of mid-channel for PUT-option – top-down from the top edge of the middle. With the right approach to money management, countertrend strategies give 7-8 profitable binary options signals out of 10. Moving average as a basic trend indicator: The reliability of the most popular Moving Average (MA) indicator is ensured by the concept of the average price value for the estimated period of time. It is the moving average that most accurately tracks the direction and strength of the trend on the price chart: if the average looks up, the trend up it moves down, it falls. The benefits of the Moving Average movement indicate the strength of the trend – the larger it is, the longer the movement.
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While many Forex traders prefer intraday Forex trading systems due to the market volatility providing more opportunities in narrower time frames, a Forex weekly trading strategy can provide more flexibility and stability. A weekly candlestick provides extensive market information. Weekly Forex trading strategies are based on lower position sizes and avoiding excessive risks. For this strategy, traders can use the most commonly used price action trading patterns such as engulfing candles, haramis and hammers. To what extent fundamentals are used varies from trader to trader. At the same time, the best Forex strategy will invariably use price action. This is also known as technical analysis. When it comes to technical currency trading strategies, there are two main styles: trend following and countertrend trading. Both of these FX trading strategies try to profit by recognising and exploiting price patterns.
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The moving average convergence divergence, or MACD, is an oscillating indicator that fluctuates around zero, and is a measure of both trend and momentum. The calculation of the MACD follows the same logic as a simple moving average, but incorporates additional features to give a better picture of a more recent moving average compared to an older one. When the MACD crosses over into positive territory it is seen as a buy signal, and the opposite holds for negative territory. The MACD is usually used as a complement for other technical indicators, and not as a stand-alone indicator in trend trading.