I have did research on what is the best non-USD FOREX pair to trade binary opitions. In my opinion they are anything related to the EUR pairs. Some examples of EUR cross pairs are: EUR/CHF, EUR/GBP or EUR/AUD.
* I did this research, so when USD markets are CLOSED due to a Federal Holiday (Memorial Day/ like 5/30/2016-Mon) - I can trade a pair which has momentum and has volatility- TWO keys to trading successfully and profitability.
The best pair to trade {in my opinion} is EUR/JPY because of the following reasons:
1) EUR/JPY pair is a leading indicator for stocks.
2) Has volatility, which is KEY and almost acts like a MAJOR pair.
3) PA has volatility of the JPY with predictability of the EUR- which makes for a powerful combination.
4) Has low spreads, high volatility & directional predictability that makes profitable trading relatively easy.
5) Reversals tend to be fairly easy to spot & gives some good, profitable movement.
6) Look for areas of consolidation or candlestick patterns (Engulfing, Pinstick, Harami etc..) to initiate new trades.
All time-frames can be traded, but longer time-frames of 1 hour or 4 hour will give best entry price action points. From current EUR/JPY 15 min chart & Ichimoku cloud indicator Bears are in control of pair at this time. The 9 ema (blue line on chart or TRIGGER line) turned price action corner down & PA is under both ema 50 & ema 200 now. Next major support area is noted on chart at around 122.250 area. Finally, RSI is under 50 & 30 area/over sold.
How to trade this pair: focus on momentum and reversals & less on support and resistance areas.
* I did this research, so when USD markets are CLOSED due to a Federal Holiday (Memorial Day/ like 5/30/2016-Mon) - I can trade a pair which has momentum and has volatility- TWO keys to trading successfully and profitability.
The best pair to trade {in my opinion} is EUR/JPY because of the following reasons:
1) EUR/JPY pair is a leading indicator for stocks.
2) Has volatility, which is KEY and almost acts like a MAJOR pair.
3) PA has volatility of the JPY with predictability of the EUR- which makes for a powerful combination.
4) Has low spreads, high volatility & directional predictability that makes profitable trading relatively easy.
5) Reversals tend to be fairly easy to spot & gives some good, profitable movement.
6) Look for areas of consolidation or candlestick patterns (Engulfing, Pinstick, Harami etc..) to initiate new trades.
All time-frames can be traded, but longer time-frames of 1 hour or 4 hour will give best entry price action points. From current EUR/JPY 15 min chart & Ichimoku cloud indicator Bears are in control of pair at this time. The 9 ema (blue line on chart or TRIGGER line) turned price action corner down & PA is under both ema 50 & ema 200 now. Next major support area is noted on chart at around 122.250 area. Finally, RSI is under 50 & 30 area/over sold.
How to trade this pair: focus on momentum and reversals & less on support and resistance areas.