I have formulated and shared this strategy in response to numerous requests from traders (60-minute Binary Options Strategy) directed to the administrator of Forex Strategies Resources. (I believe that this Binary Strategy performs well on the 4-hour and daily time frames).This Binary Options Strategy, known as Price Action, centers around the Spike bar pattern. Notably, this price action pattern strategy is applicable across various markets.
Rules for Spike Bar Price Action 60-minute Binary: High-Low Binary Options Strategy
Time frames:
60 minutes, expires in 60 minutes.240 minutes, expires in 240 minutes. Daily, expires daily.
Buy Call:
When the price action indicator displays a smiling face below the price of the spike candle, place a pending buy order at the next bar above the high of the spike bar.
Buy Put:
When the price action indicator paints a smiling face above the price of the spike candle, place a pending sell order at the next bar below the low of the spike bar.
This strategy leverages the Spike bar pattern within a Price Action framework and is versatile enough to be implemented on multiple time frames and various financial markets.
Download
https://drive.google.com/drive/folders/1O_qfJwH2VNg10R_Lj9ciEbqUpEqHI1iN?usp=sharing
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