Binary options trading tactic called: “Pinocchio”This strategy is suitable for many traders, as it binds in itself many different details of trading binary options. This strategy is suitable for beginners as well. Since trading with its help will be based on the recognition of a technical figure. Especially suitable for those traders who are accustomed to use in the analysis such a tool as Japanese candles. The figure that will need to be recognized has several names: “Pinocchio Bar”, “Pin Bar”, “Falling Star”.The strategy of trade is called precisely through the external similarity with the nose of Pinocchio. The figure itself consists of a body and a wick. As a rule, the wick is longer in relation to the body. The body itself is short. The lengthening of the wick occurs as the market tries to deceive us about the choice of the direction of its movement. If you track the movement of prices in a new zone and then a sharp reversal in the opposite direction, this phenomenon will form the so-called Pinocchio Bar. The signal strength in this case is proportional to the length of the wick. A wick can take two directions.The first is up. The second is down. In the first case, we have a signal to place the Put option, in the second case it will preemptively place the call option. The pin bar itself is quite easy to determine. As we said before this strategy is suitable for beginning traders. But, it is better to use it in combination with other indicators. Analysis of areas of support and resistance and others will significantly increase your chances of a successful transaction. To get a good result and to protect yourself as much as possible from the loss of your investments, we recommend that you summarize all your knowledge and use them as a single whole. Since no strategy can guarantee you a 100% victory.OPEN DEMO ACCOUNT Binary options trading tactic called: “Pinocchio”Rate this post Related content:Binary options tactic using MACD indicators 29.05.2017Binary Options Trading Basics: A Simple tactics as 1-2-3 03.06.2017An operating binary options trading pattern called Bronx 11.08.2017The scheme of trading binary options using Fibonacci levels 30.05.2017Let’s look for your profitable binary options trading scheme 29.03.2017Trading scheme using “Horizontal lines”. Simple and profitable trading scheme 05.05.2017Classic Japanese candlestick trading strategies 15.02.2018The Violinist trading scheme using MACD indicator 29.07.2017Weltrade: Forex Indicator Stochastic (Stochastic). Signals and Recommendations 28.01.2019Trading scheme “Breath of the market” or “on moving averages” 18.05.2017Binary Options trading scheme: Strangle and Straddle 05.05.2017Levels of support and resistance in binary options trading 25.01.2018Trading strategy on a fractal reversal with the RSI filter 22.12.2017The 5-minute Blossom trading pattern for binary options 01.08.2017The role of technical analysis in binary options trading 05.08.2017