How To Trade Binary Using Railway Track Candlestick Pattern

Candlestick patterns serve as a very good tool to trade binary option as it is a good way to interpret the market.

The candlestick pattern is the upfront showcase of the market condition. Therefore a trader can roughly tell whether the price is going to move up or down temporarily simply with the help of several candlestick patterns.

In this post, I am going to share with you one candlestick pattern that is very effective to tell the reversal of the market.

Railway Track Candlestick

The railway track patterns is made up of one long up candle and one almost equal down candle. It forms something like a chopstick or some people will call it a tweezer.

Binary Railway Track Formation

This formation is formed when a price hits a major resistance or support which causes traders to enter a trade to trade the repulsion.

Once you see this formation, it is a sign of a coming down move. I am not saying that it will be a major reversal, but it will at least be a retracement.

Therefore for us who are trading binary option, this candlestick serves as an alert to tell that the price is going to move down shortly and what you need to do is to wait for your strategy to issue you a trading opportunity to tell you to enter a trade to go LOW

These candlestick pattern serves as an additional confirmation of our trade as it will increase our chance of winning.

I will continue to share with you guys more candlestick patterns that cater for binary option trading only.

If you do not have a reliable binary option strategy on hand, you can take a look at this blog post that I have written

 

 

[monkeytools msnip=”http://catchamonkey.com/catcha.php?u=260&p=706″]

Comments are closed.

some text
My Binary Course Hot Deal
CLICK HERE to find out How You Can Get a FULL VERSION of my Binary Option Mastery Course with my Zero Dollar Scheme

30 Minutes Free Preview

Daily Live Trade
The Daily Live Trade Post in this blog has been updated everyday since January 2015

Binary Option Course By Me

Who Is Kelvin?
CLICK HERE to find out more about me and Why I Trade for a Living since 2009