In binary options trading, technical analysis is an analysis method for forecasting the direction of prices through the study of past market data, primarily price action.
Your main goal of technical analysis should be to identifying strong support and resistance trading levels. This is the most basic skill every price action trader must have. A powerful way to draw support and resistance zones on candlestick charts is to draw Fibonacci levels.
So what are the best forex trading strategies for beginners and professional traders to use to find strong support and resistance levels?
In this video I explained the correct way of plotting the best Fibonacci support and resistance levels on a candlestick chart you can use to find high-probability trade setups.
Combining these levels with FX Master Code's easy to read trading signals will help you trade successfully and make money trading forex and binary options.