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There’s no doubt that support and resistance levels are important for technical analysis when trading. However, their true effectiveness is seen when combined with other indicators or specific candles on your chart. This guide looks at using supports and resistance alongside pin bar candles to trade trend reversals on the IQ Option platform.
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IQ Option provides you with a handful of indicators to choose from when trading. Two of the most popular indicators are the Bollinger Bands and Relative Strength Index (RSI). When combined, these two indicators for a formidable pair that can help you make more winning trades when trading long positions. Continue Reading
When trading the financial markets, the risk of losing your money is always there. Once your enter a trade, there’s a 50/50 chance of it going either way. On the IQ Option platform, you can exit a trade before it expires. However, this will mean forfeiting a fraction of your money. Continue Reading
For all traders, the point at which the trend reverses marks one of the perfect trade entry points. At the peak of an uptrend, one of the popular candle patterns that signals potential reversal is the bearish engulfing pattern. It’s easy to identify and very effective when trading trend reversals. Continue Reading
Traders who largely rely on technical analysis cannot overlook the importance of support and resistance levels. These two lines answer a simple question: At what points does the price seem to fluctuate within at a specific time interval? Continue Reading
One of the advantages of using candle stick charts is that they can be used alongside many different technical indicators. In this guide, I’ll teach you how to use Bollinger Bands alongside support and resistance levels to trade on the IQ Option platform. This trading strategy is used to trade trend reversals. Let’s get started. Continue Reading
Triangles are technical analysis tools that belong to continuation patterns when trading on the IQ Option platform. This pattern usually forms along a trend. It’s hard to recognize one unless you draw it. Drawing a triangle pattern requires you identify at least 2 highs and 2 lows along the trend. Connect the 2 highs with a straight line and the 2 lows with a straight line. Extend the two lines until they connect forming a triangle. Continue Reading
I always discourage traders from taking short positions even if trading options. For example, if you enter a 1 minute trade, a 2 second price fluctuation can result in a losing trade. Continue Reading
Many new options traders decide to join IQ Option for one reason – to make fast money. Options trading is simple right? All you need to do is guess whether the price of the underlying asset will go up or down and money will keep rolling in. Continue Reading
IQ Option is one of the leading online options and forex broker. They have invested in many different tools to help traders make money investing in the financial markets. Among these tools are 4 popular price charts. These include the line, bar, Heikin-Ashi and Japanese candles. This guide will provide details of each chart. Continue Reading
