One-Touch Binary Option – Live Trade Example

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Video Transcription

Hello guys. Welcome to the live sessions of the One Touch Course. Today we’re going to be trading one touch options using the strategy that we already taught you. So the first thing we want to do is go to the trading platform and see what one touch options are available.

We have a Euro/US dollar one touch options to the upside and to the downside of course. And we have a pound/dollar and a Euro/Yen. We have an Aussie dollar and a crude oil. So we are going to go to the charts of the Euro/US dollar, the GPB/USD, the Euro/Yen and the Aussie/US dollar.

We have the US dollar cable here, we have the Aussie/USD and we don’t need these and we don’t need that one. So let me tile these for you. All right, so the first thing we’re going to go through is the Euro/US dollar, okay?

Now what we want to do here, of course, is to go to the one hour chart. And to go to the end of the price action. Now the first thing we want to do is create the overall support and resistance levels on our chart.

And we want to use the Fibonacci tool on this one, okay. Now if we use the high of the move to the low of the move, which is this one right here, we can see that we are right there at the $61.08 on the hourly.

Let’s go to the 15 minute chart. Okay. And now that we are on the 15 minute chart, we can see that we are actually making some kind of a continuation pattern of this move up.

So the end up price right now is $37.98. So let’s go to the trading platform. Actual price is $37.98 and the one touch price to the upside is $38.53. Let’s go to the trading platform, we said it was 38 zero 50 and 38 zero 50 is around here.

So if this continues to go higher, as you can see, we are going to be touching the 38 zero 50 level. So what we’re going to do is we’re going to bet 100 Euros that we will touch the up level in this trade. So here’s the level that the price needs to go through in order for us to win this trade.

Now let’s go back to the charts and let’s go with the GBP/USD. Okay. Let’s go to the one hour chart and as you can see the move here is massive due to some news earlier. And if we go to the forward charts so we can actually put on our overall levels. We can see that we are close to an area of resistance.

Now the thing is here, what we want to do is we want to use the Fibonacci retracement level and you can see the price starts at the 50 level. And we are going to use the Fibonacci expansion level. And as you can see we have touched with the 27, the Fibonacci 127 level.

Let’s go to the trading platform and let’s see what price is the GBP/USD at. Market is at $67.49 and the one touch is at $67 or the target price is at $67.53 on this currency pair. $67.53 is right there, we have already touched $67.53, so we are going to bet $100 that we are going to touch $67.55 in this case.

And we buy it. Okay. Now, why did we buy this one touch option? Because even though, remember that in Forex the actual entry for these tradings right here and the target is here, here and here. Okay. Now we took this trade because: one, we have momentum to the upside; two, we have already gone through the Fibonacci expansion 127; and three, we are close to a heavy area of resistance. That will likely be tested as resistance again.

Okay. Now let’s go back to the trading platform and let’s see if we can put on a trade with the Euro/Japanese Yen. Okay. Let’s go to the Euro/Japanese Yen right now. The Euro/Japanese Yen is here. And you can see the market is overall bearish in this currency pair. And it has been for the past few days.

We are just using the forward chart to put on our overall levels. Okay. We go back to the one hour chart and you can see that in fact, we are actually below this high right here. Which means that we have broken with this level of previous resistance that was supposed to be support.

So if we have broken with this level of support right here, it means that price is likely to go lower. So we grab our Fibonacci tool and we are not quite there with the 78:6 but what we want to do here is just to look at the levels or the target price that our broker has for us.

And here the market is at $140.933, okay. And we have a target price of $140.99. And we have a target price here of $140.87 to the downside. Okay, so let’s go back the trading platform and we have a target price of $140.87, but let’s go to the 15 minute chart or to the 5 minute chart, rather.

We have a target to the downside of $140.87 and as you can see, we have been testing this area as resistance, so we are going to buy this option to the downside. Okay, so. I’m going to pause this recording and I’ll be right back once these options have expired.

Our one touch options have expired, and we ended up in the money in one and out of the money in two options. And as you can see, we already have some more one touch options available for us to trade. And if you want to continue to trade just follow your charts, follow your patterns, follow your levels, okay?

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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