Binary Options, Binary Options Strategies

Learn The Effective 123 Pattern Reversal Trading Strategy

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The 123 pattern reversal trading strategy begins by identifying three main points. For example, in an uptrend, when the market hits a new high, label that point as 1. We then wait for the price to pull back to a short-term support area. This point is labelled as 2. Finally, when the price moves up to an area between points 2 and 3, we label this as point number 3.

When price comes back down we trade a put option as it goes past level 2.

Read: Ultimate Guide To Trading Synthetic Indices

Choose the expiry equal to the time frame in which you spot the reversal.

See more binary options strategies here.

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Jafari Omar

As a seasoned Forex trader with over a decade of experience, I have dedicated myself to mastering the intricacies of the financial markets. Over the years, I have honed my analytical skills, staying updated with market trends, economic news, and technical indicators. This in-depth understanding has empowered me to navigate the dynamic nature of Forex trading with confidence. Driven by my passion for trading, I have taken the initiative to share my insights and experiences with others through my engaging blog posts. Whether it's discussing effective trading strategies, exploring market psychology, or demystifying complex concepts, I aim to provide value & empower fellow traders to make informed decisions.

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