How To Use Chandlestik On Iq optin Brokers

How To Use Chandlestik On Iq optin Brokers

Chandlestik is a very effective strategy for all trades of all binary brokers, one of which is the iq option.Because we as traders can determine prices when rising or falling when we are in the market.
How to use it is also quite easy, we only need to learn from the form of chandlestik.....


The first step

Know the closing and opening prices of each candle (this is mandatory)
In candles we must know the opening and closing prices of each candle, below is a guide picture that you can learn and understand.
Chandlestik, Iq optin Brokers
CANDLE
We can see in the red candle the opening price is at the top, and the closing price is at the bottom.
Whereas on the blue candle the opening price is at the bottom and the closing price is at the top.

Then there is also the candle wick, the upper wick is the highest price of the candle stick while the lower wick is the lowest price in the rod.In red candles which do not have a bottom closing price = the lowest price, whereas if the candle does not have an upward axis, that means the opening price = the highest price. The green candle also applies the same.

 Chandlestik,candle wick
candle wick
Maybe now you already understand the opening price and closing price of red and green candles. Next we are using candles to determine prices up or down.

How to use candles for trading on binary options brokers

We can use candles to determine the right time when we want to enter a trading market. But we need to know is the time period of the graph must be 5 minutes.
For the method of Japanese candles I might not explain, because it's very easy and maybe you all know.

Below is a picture of a candle pattern, you will see a model of a pattern that covers with the candle below.
 Chandlestik,wax pattern
Wax pattern
In Trading you will work with the pattern I have described above......
What we have to know here is, if the green candle changes, and covered with a red candle before, this shows the price will rise, and we can make a higher purchase.

wax pattern

Next draw a descending pattern
chanlestik pattern
descending pattern

we can see the picture above,If the candle turns red, closes lower than the previous red candle, then this is a sign that the price is down and we can make a lower purchase.

In this strategy we can make purchases for 4-5 minutes of trading for one hour successfully in this way.

How to open an up position

Wait until the green candle is formed and is higher than the previous red candle. After the candle is formed, open the Up or Call transaction with a closing time of 5 minutes.

How to open a down position

Wait until the red candle is formed and lower than the previous green candle.
After the candle is formed, open the transaction Down or PUT with a closing time of 5 minutes.
How To Use Chandlestik On Iq optin Brokers How To Use Chandlestik On Iq optin Brokers Reviewed by TRADING TRICK on November 22, 2019 Rating: 5

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