A candlestick pattern and a basic indicator are enough for an entry signal in IQ Option. This is a simple but effective method when using in options trading. In this article, I will show you how to enter a trade with HIGHER trading strategy in IQ Option: Bullish Harami candlestick pattern and Support level.
Register IQ Option and Get Free $10,000 Risk warning: Your capital might be at risk.
HIGHER trading strategy in IQ Option: Bullish Harami candlestick pattern and Support level
Basic settings before trading
Select trading assets: AUD/USD, USD/JPY, EUR/USD.
Japanese 5-minute candlestick chart.
The expiration time is 15 minutes or more.
A standard Bullish Harami candlestick pattern consists of 2 candles:
• 1st candle is a bearish one.
• 2nd candle is a bullish one that is smaller than the 1st candle.
Bullish Harami candlestick pattern has another variation. The 2nd candlestick could be a Pin bar with a fairly long lower tail.
How to open HIGHER options in IQ Option
HIGHER = Bullish Harami candlestick pattern + Support level.
Capital management strategy
Capital management is always seen as an important part of every investment strategy. It is required to manage the risks and ensure that your capital doesn’t decrease over time.
So if you can build a capital management strategy to match the trading method, you have a 75% winning rate in your hand. Classic capital management shared by experienced traders is very effective to protect your account.
Some rules you need to pay attention
Don’t enter more than 2 options within 30 minutes.
Stay focused on the trading strategy you choose. A standard candlestick pattern and a strong support zone are what you need to open a trade. If you ignore the rules you set beforehand, you will have nothing to gain except for losing all the money in your account.
If the Bullish Harami candlestick pattern is formed at the support zone, open a Higher option right away. After that, close IQ Option and do something else. Don’t waste your time to observe the chart because it may cause you to have negative emotions.
Review IQ Option entry points
Option 1: Bullish Harami candlestick pattern (2nd candle is a Pin Bar) is right at the support level => Enter a HIGHER option with the 15-minute expiration time.
Result => Win.
Option 2: Price continues to test support and create a Bullish Harami candlestick pattern => Open a HIGHER option with the 15-minute expiration time.
Result => Win.
Option 3: Price touches the support zone and forms a Bullish Harami candlestick pattern => Enter a HIGHER option with the 15-minute expiration time.
Result => Win.
Option 4: The price breaks the resistance level and creates an uptrend. The resistance now becomes support. The price tests the support and forms a Bullish Harami candle pattern => Open a HIGHER option with the 15-minute expiration time.
Result => Win.
Conclusion
After reading this strategy, I hope you will practice in the demo account to master your trading skills when Bullish Harami pattern appears at the support zone. What you learn and train today will always be useful in the trading world.
If you can understand the nature of the market, you are no longer afraid to lose money. And you will realize the opportunity to make money when it appears in front of your eyes. That’s all for today. Thank you for your precious time.
Register IQ Option and Get Free $10,000 Risk warning: Your capital might be at risk.