Webinar Schedule and Weekly Binary Option Trading Analysis 19-23 December 2016

Weekly Binary Option Trading Analysis

Hi Traders, I’ll make this week’s analysis short and sharp. Basically I’m trying to systematise the way I write these weekly reports.

First of all, I’m going to cross reference with the trading analysis in last week’s review. Check that out too if you haven’t, for means of comparison to what’s happening.

Significant Events That May Affect FX Markets

The main significant event this week is the Bank of Japan (BOJ) interest rate decision. In the last 6 weeks, the USDJPY has charged back from the yearly lows. Breaking the 44-week high last week, USDJPY is currently looking to recover from the slump that lasted the entire of this year. Refer to the diagram below.

USDJPY Weekly Chart Analyis
USDJPY Weekly Chart Analyis

Trading Conditions

Continuing from last week’s analysis, I wish to draw your attention to the GBPUSD. Last week I mentioned that it will either break to the up-side or down-side. As you will see from this image, over the last week it already broken to the downside, and is around the 161.8% vicinity, trying to push further below 1.2400.

GBPUSD D1 Chart
GBPUSD D1 Chart – Pushing beneath 161.8%, approaching the lower bollinger band. 261.8% is highly likely this week. The recent downswing has been a fairly strong one.

Next, have a look at the GBPUSD H1 Chart.

GBPUSD H1 Chart
GBPUSD H1 Chart – Likewise on H1, we see very strong bearish movement on GBPUSD ever since breaking out of the recent consolidation. You can just imagine what shorter time frame movements will be, with this one-way action.

Short Term Trading Recommendations

As you know.. in Binary Lab Webinars, I live trading the really short trades that last between 60s-5mins. So let’s have a look at the M1.

This week I say that you’re best FOCUSING ON TREND FOLLOWS, NOT REVERSALS.

Click Here if you’re not already in the Binary Lab, to start being able to attend our Daily Live Webinars, Download Trading Indicators, and Participate in our Trader’s Chat Mastermind

GBPUSD M1 Chart - Staircased Action
GBPUSD M1 Chart – Staircased Action. One look… it’s just terrible. No point looking for reversal setups here. You can already see from the higher TFs how one-way it is.

Can you see how it’s going sideways, down, sideways, down?

Now…what if we looked at things in a slightly different perspective? Looking for breakout areas, rather than reversals?

The Way To Trade This Week

Have a look at this…

Breakout Hunting on EURJPY
Breakout Hunting on EURJPY

Of course, it’s arguable that there are still counter-trend opportunities in this picture and the FX markets in general. But the point is, what is the HIGHER PERCENTAGE APPROACH in handling the markets. 

And that will be the one you should take.

This is how one of the movements on EJ is breaking the Fibo levels like nothing.

EJ Fibo Trading
FIBO levels don’t mean a thing in strong trends. So instead of trying to time a reversal that may never come, just ride it.

Webinar Schedule

Join us on this week’s Binary Lab Trading Webinars to see how we handle the markets!

Click Here if you’re not already in the Binary Lab, to start being able to attend our Daily Live Webinars, Download Trading Indicators, and Participate in our Trader’s Chat Mastermind

All timings in Eastern Standard Time (EST), GMT-5

** Sessions may be increased or reduced depending on conditions, as we’re closer to Christmas.

Monday- No session, I’m resting from travel.

Tuesday- 10am, 9pm

Wednesday-9am

Thursday-9am

Friday- 3am

See you on the sessions!

Good trading,

Julian

Binary Lab

P.S. As mentioned in my email, cut back your initial trade size to allow room for martingaling. It’s decent price action this year end, but don’t count on everything to always go smooth because it won’t. Better to be safe and smiling during this festive time!

** Non-Members: Click Here if you’re not already in the Binary Lab, to start being able to attend our Daily Live Webinars, Download Trading Indicators, and Participate in our Trader’s Chat Mastermind

About The Author

Leave a Comment

อีเมลของคุณจะไม่แสดงให้คนอื่นเห็น ช่องข้อมูลจำเป็นถูกทำเครื่องหมาย *

thไทย
Scroll to Top