First, this is a strategy that was learnt from the freshforex mentors. This info is for informational purposes only...
http://instapipspro.com/how-to-trade-binary-options/is just one way you can get good binary options trades, however, there are other ways one can get good trades simply by looking for normal resistance/ support lines, without looking at them from the point of retracements. You pick any level, regardless of whether it is a retracement or not, then check for protrusion above or below it. Look at the AUDUSD Weekly chart below,
http://instapipspro.com/how-to-trade-binary-options/
http://instapipspro.com/how-to-trade-binary-options/is just one way you can get good binary options trades, however, there are other ways one can get good trades simply by looking for normal resistance/ support lines, without looking at them from the point of retracements. You pick any level, regardless of whether it is a retracement or not, then check for protrusion above or below it. Look at the AUDUSD Weekly chart below,
http://instapipspro.com/how-to-trade-binary-options/