Powerful Trade Setups For 3 Binary Options Pairs

Powerful Trade Setups For 3 Binary Options Pairs

In the video below we highlight 3 binary options traders should be paying close attention to today: US Dollar / Swiss Franc (USDCHF), US Dollar / Japanese Yen (USDJPY), and the Australian Dollar / Japanese Yen (AUDJPY). The trade setups presented are fairly simple, yet very powerful, and should be considered when trading binary options on your platform of choice.

Binary Trade Setups

US Dollar / Japanese Yen (USDJPY) Binary Options: The USDJPY binary options pair presented an attractive entry point back on November 12 that yielded several days of winning trades on a daily basis. Do note that the analysis relies on Daily charts for proper entry points and as such daily expiry binary options would make a ton of sense for these signals.

US Dollar / Swiss Franc (USDCHF) Binary Options:  Notice the clear signal highlighted in the chart that indicated binary put options be purchased for again, another multi-day winning streak. The key is to find these critical signals to initiate a trade.

Australian Dollar / Japanese Yen (AUDJPY) Binary Options: Easy signal spotted when the binary options pair dipped between the 200 and 50-day moving average, closed outside of the band and started a multi-day move to the upside

 Thoughts On The S&P & The US Dollar

The S&P500 seems likely to pullback from a 66 point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the Summer rally.  That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within a bull cycle.

Near term, we had a nice run to 1409 and met resistance there.  We would expect a pullback to the 1384 areas on the S&P500, if not a bit lower in the coming days. The US Dollar is likely to get a bounce which will also pull down Precious Metals along with stocks near term. We think this could be a opportunity to buy as we approach pivot pullback buy points, but of course we will monitor in the event the pullback becomes more dire than expected.

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