Screenshot from IQoption.com Timeframe 1M DASH
R1-R2 = Resistance lines
S1-S2 = Support lines
Graph analysis
How you all can see the price went through R2 line which means the price is going to bull trend! Or also there could be price channel! But which position is now better for making money? Let's see.
Short position
You could go into short positioning if the price goes through one of support lines but it didn't happen so I would better recommend going into long position. Why? Keep with reading.
Long position
Now is a better opportunity for long positioning why? Because price went through R2 line. Which means there is a bull trend!
Summary
Where you should take profit? There are few ways! If you are trading by binary options broker for example like IQoption (advertise for registration down below). Is when price go through one of these lines then keep in position by 1 minute. But if you are somewhere else then in IQoption then just keep in that position till price meet another support or resistance line depends on which positioning you are in!
Don't know how to start trading?
Just look down below there is advertising for registration for IQoption Broker. You all can register through only just click on this link down below. So why don't try? It's one of the best Broker in the world so try it! It's Binary options Broker !!
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspire from me !! But if you lose money I will not give you money back and no one will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for an informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
No comments