Best IQ Option Strategy- IQ Option Tips For Winning Trades - Binoption

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Best IQ Option Strategy- IQ Option Tips For Winning Trades - Binoption

Best IQ Option Strategy- IQ Option Tips For Winning Trades.

IQ Option is a broker that offers Binary Options and digital options along with forex, crypto, stocks, commodities, indices, and ETF's.

Owned by IQ Option Ltd, it is based in Limassol, Cyprus. Due to their award-winning feature, IQ Option has over 25 million registered users.

We will suggest to read this IQ Option Review if you don't have clear picture on this online trading broker.

With so many traders using this platform, we felt the need to come up with a IQ Option strategy guide that traders can follow to earn profits and avoid losses.

Our IQ Option strategy guide will be divided into four sections: strategies, tips and tricks, tools, and indicators.

In the strategies section, we list certain strategies that you can implement in your trading to get the best results.

In our tips and tricks section, we list our selection of best trading tips to take your trading game to the next level.

Under tools and indicators, we have listed the various graphical tools and indicators that can be used for technical analysis and form strategies.

We will start with best strategies for IQ Option.

Best IQ Option Strategy - Price Action.

Candlestick and bar charts are our favorite to use in IQ Option's trading platform.

They are versatile and provide a lot of analysis for price prediction.

Here we will list out most used price action strategies for candlestick and bar patterns.

Price Action Strategy for Candlestick Pattern.

The two patterns that we use the most in a candlestick chart are the morning star and the three black crows pattern.

Morning Star Pattern:

The morning star is a 3-bar pattern. The star refers to the candlestick with a small body that does not overlap with the preceding candle body. A star always involves a gap. A morning star consists of the following:

Long bearish candlestick A star below the candle A bullish candlestick that closes within the body of the first candlestick.

Three Black Crows Pattern.

Three black crows is a candlestick pattern that consists of three consecutive candlesticks. Each of these candlesticks should open within the previous candle body and close near its low.

As each bar opens within the body of the previous candlestick, it suggests bullishness. As each bar closes lower, the bearishness becomes apparent.

This pattern is effective for trading reversals. You should sell below the three black crows after a market rise.

Price Action Strategy for Bar Pattern.

For bar patterns, we will use the reversal bar pattern and the exhaustion bar.

Reversal Bar Pattern:

The bullish reversal bar pattern goes below the low of the previous bar before closing higher. This means the market found support below the low of the last bar. And it managed to push the bar to close higher than the previous bar. This represents a sign of bullish reversal. It would help if you bought above the bullish reversal bar in an uptrend.

The bearish reversal bar pattern goes above the high of the last bar before closing lower. The market met resistance above the high of the previous bar. This resistance is strong enough to bring the bar to close lower. It would be best if you sold below the bearish reversal bar in a downtrend.

Exhaustion Bar Pattern:

An exhaustion bar signals the exhaustion of a trend in the current direction.

The bullish exhaustion bar opens with a gap down. Then it closes up firmly with high volume without fulfilling the gap. It would help if you bought above the bullish exhaustion bar.

On the other hand, a bearish exhaustion bar opens with a gap up. Then it moves down powerfully with high volume without fulfilling the gap. It would be best if you sold below the bearish exhaustion bar.

High Capital Risk Is Involved In Financial Trading.

More Useful Patterns For IQ Option Strategy.

In IQ Option platform you can use more patterns for successful trading strategy. They are -

Breaking Minimum And Maximum.

This graphical pattern includes exponential moving average with a period of 13. It can be selected with the help of technical analysis tools.

Determining the maximum and minimum of the moving average will determine the access points of that market.

Using lines available in the graphical tools section of the platform, you need to create maximum and minimum horizontal lines for this indicator.

The right moment to entering the market, i.e. to buy a call option is when the moving average breaks the maximum line.

On the other hand, the right moment to buy the put option when the moving average breaks the minimum line.

Rainbow Pattern.

The Rainbow pattern involves the usage of three exponential moving averages with different periods.

The first EMA: Period- 6, Color- Blue. The second EMA: Period- 14, Color- Yellow. The third EMA: Period- 36, Color- Red.

Check if the blue line is above the other two lines, the yellow line is under the blue line, and the red line is below the other two lines.

When this happens and subsequently, the blue and yellow lines intersect, you can consider this a point of entry and purchase a put option.

When the blue line is below the other two lines, yellow in the middle, and the red line above the other two lines, and subsequently, the blue and the yellow lines intersect, you can consider this a point of entry and purchase a call option.

Rebound From The Line.

The line rebounding pattern is used when the price cannot break the support and resistance levels.

When the price reaches the resistance level, and the first candlestick closes below the resistance level, the uptrend has stopped and the price will continue to drop.

On the contrary, when the price reaches the support level, and the first candlestick closes above the support line, the downtrend has stopped and the price will continue to rise.

The resistance and support line rebound is revelant for neutral, upward, and downward trend.

Breaking The Trend Line.

Line breaking pattern is used when the price level breaks the support and resistance line.

When a candlestick closes above the resistance level, the trend is considered as an upward one and the price is expected to rise.

When a candlestick closes below the support level, the trend can be considered as downward and the price is expected to fall.

The line breaking pattern is relevant for neutral trend, uptrend, and downtrend.

Piercing Pattern.

The piercing line candlestick pattern is used by traders to identify a possible reversal of the downtrend.

After a series of several consecutive downtrends, an ascending candlestick closes above the body of the previous descending candlestick.

If two more ascending candlesticks follow, the third candlestick can be considered an opening point to that market and a reversal from the downtrend to uptrend.

Recommended IQ Option Strategy.

So far, we have listed our preferred trading strategies for IQ Option. In this section, we have compiled the various strategies recommended by IQ Option.

IQ Option Strategy - Bolly Band Bounce.

This IQ Option strategy is based around the Bollinger Band indicator. It is used when the price fluctuates within a certain price range.

The Bollinger Bands serve as dynamic support and resistance levels from which the price is expected to bounce off.

We can consider where the price action and the outer band intersect as both entry and exit points.

Using stop-loss and take profits is recommended when using this strategy for IQ Option. In order to implement this strategy, choose Bollinger Bands from the list of indicators.

The next step would be to determine that the price isn't trending and instead in a range.

When the price bounces off one of the outer-bands and moves in the opposite direction and touches the other outer band, the price is considered to be ranging.

Source: Best IQ Option Strategy- IQ Option Tips For Winning Trades - Binoption

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