As price approaches these lines, arrows will appear to point the direction to which price action will move.
The trader can then trade according to the arrow direction as indicated in the strategy rules. CALL Entry Rules: A Call option is initiated when the following pattern is displayed on the chart: Either a green or red line appears to indicate a support or resistance.
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There is no bias as to which colour appears at support or resistance. A BLUE arrow which points diagonally upwards is an indication that price will head upwards.
Do not trade if price is below the lines when the arrow appears. Expiry Set the trade to expire at the close of the 3rd or 4th candle. This chart example was shown from the 15 minute chart.
Therefore the expiry time should be 45 minutes or 1 hour. Early Exit Strategy The trade can be closed early if the trade is in profit territory.
This will give a reduced payout. A RED arrow which points diagonally downwards is an indication that price will head downwards. Do not trade if price is above the lines when the arrow appears.
It can therefore not be used as an automated trading indicator. Rather it should be used manually so that inaccurate signals can be filtered out by sight Share Now!