And if you add to this simple indicator in order to receive signals in the short-term and increase the frequency of contract processing, the daily profits could surprise even an experienced trader. Especially since the Binomo platform has a set of indicators: Any of these simple indicators can accurately determine short-term market movement trends and precisely indicate the time to enter the ... Resistance or support is a basic indicator that all binary options traders need to know. Although this is a simple indicator, its performance is great. Join me to learn more about resistance and support to know why it is trusted by traders around the world. Register an IQ Option account NowGet $10,000 Free for beginners. Contents hide. 1 What is Support and Resistance? 2 Principles of Support ... The indicator draws the most important support/resistance price zones watched by many traders and institutions. The market is expected to react on the price zones. The indicator is highly robust and can easily spot profitable opportunities. You can use it on all currencies and timeframes as the indicator is absolutely universal. For this reason, let’s look at a variety of broker support services that can help increase trading results by using the example of the Binomo company. Let’s start with the most simple one. Statistical indicator. This support tool is quite popular, but traders typically pay little attention to it. And that’s in vain! Its algorithm is built ... How to set up support and resistance on Binomo. Unfortunately, there’s no support and resistance indicator on Binomo. You can only create these lines by yourself by using the line tool. Again, open the last button on your panel. Next, click the ‘Tools’ tab. You’ll then see the line tool. Click it, and now you’ll be able to draw a line ... The key aspects of the indicator are the most important support and resistance price zones watched by the biggest banks, financial institutions and many forex traders. The indicator will show you the most important price zones, where crucial price moves with profitable opportunities will occur. These price zones should monitor every ... On the Binomo platform, you have many technical analysis tools available to help you in finding the best trade entry points. Support and resistance lines are some of such instruments. You can trade only with them when the price is ranging, but they are not sufficient when it comes to predicting the moment the price breaks out of them.
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