317# Win Binary Options and Scalping
Static and Dynamic Support and Resistance
Price action inpulse.
Submit by Maximo Trader
Win Binary Options and Scalping is a strategy that seeks to take momentum when the price reacts on dynamic or static support and resistance level.
So you have to wait for the price to reach a static or dynamic level and the subsequent opposite impulse, highlighted by an Arrow.
Time frame 5 minutes or higher Binary options time frame 5, min, 15 min), forex time frame 5 minutes or higher.
Expiry time binary options: 2-3 candles.
Metatrader 4 Indicators
Support and resistance
Trading rules Win Binary Options and Scalping
Price bounces off a static or dynamic support
A buy arrow arrow appears.
Price bounces off a static or dynamic r resistance.
A sell arrow arrow appears.
Exit position place initial stop loss below/above the previous swing high/log.
Profit atarge at the next Support and resistancce line o r with ratio stop loss 1:1.2.
I recommend to use only Buy and sell arrow on the static resistances and supports.
To apply this strategy you must have at least 8 charts open at the same time.
Also in forex it works well because the signals are very precise the recommended time frames are 15 minutes or more.
Examples of trades.