Trading USDJPY retracement with binary options after a TradersHelpDesk ADX magenta peak on the 60 minute nets profits even on a slow day.
Trading USDJPY Retracement with Binary Options
In this short video, Gail Mercer shows you how she traded a 2-hour binary hour on the USDJPY forex pair. The TradersHelpDesk ADX formed a magenta peak indicating the market would retrace. She entered out of the money and collected profits on the retracement.
Whenever the TradersHelpDesk ADX forms a magenta peak, then price should retracement back to the ATR (plus sign) on the chart. In this case, price retraces up to the ATR on the 60-minute chart after the magenta peak. Using a two-hour binary option with limited risk, Gail exits after collecting all but $12 of premiums.