Binary Options Strategy: Spike bar Price Action 60 min Binary

I have written this strategy and shared because more traders have made the request (60 min Binary Options Strategy) at the admin of Forex Strategies Resources.

This Binary Options Strategy Price Action is based on the Spike bar pattern.

This price action pattern strategy works also on the other markets.

Rules for:

Spike bar Price Action 60 min Binary: High-Low Binary Options Strategy,

Expiry time 1 or 2 candles.

Time frame 60 min expire time 60 min.

Time frame 240 min expire time 240 min.

Time frame daily min expire time daily min.

Buy Call

When the price action indicator paints a smiling face below the price of the spike candle place pending buy order at the next bar above the high of spike bar.

Buy Put

When the price action indicator paints a smiling face above the price of the spike candle place pending sell order at the next bar below the low of spike bar.

In the pictures below Binary Options Strategy: Spike bar Price Action 60 min Binary in action.