Novice traders often make the mistake of cluttering their charts with too many indicators in pursuit of accuracy. 🧐💭

💡The truth is, more isn't always better.

Overloading charts with indicators can lead to information overload and conflicting signals, making decision-making more challenging.

🎯vfxAlert provides real-time signals based on various technical indicators. With vfxAlert you can simplify your decision-making process and improve your trading performance.

So, why not give it a try? 👉 Click here to download the vfxAlert app

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Install the vfxAlert Chrome extension and trade confidently. 🙌

No more toggling between tabs or platforms. With the Chrome Extension, trading becomes a breeze, allowing you to stay focused and make decisions quickly.

https://www.youtube.com/watch?v=1MYkhocykNI

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Read our blog to learn more about binary options trading 👉 https://blog.vfxalert.com/

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Breakout trading strategy.

Detailed Guide 🔗https://blog.vfxalert.com/en/t/we-trade-price-breakouts-detailed-guide

Strategy Characteristics
📍 Timeframe: M1-M5.
📍 Trading Asset: Any currency pair. The main requirement is a fixed (2-3 points) spread and no hidden fees.
📍 Trading Time: Forex trading sessions

Chart Setup
👉 The Bollinger Bands with default settings indicate levels where prices might change direction. The upper line has a potential resistance level, while the lower one acts as a support level.
👉 The 5-period and 20-period SMAs show the price trend. 

✔️vfxAlert should finally confirm signal. To download vfxAlert, click here

Trading signals
⬆️ CALL Option. When the price crosses above the upper Bollinger Bands and the short-term moving average crosses down through the long-term.

⬇️ PUT Option. If the asset's price crosses below the lower Bollinger Bands and the short-term moving average crosses down through the long-term one.

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Despite the growing use of AI and HFT in trading, candlestick analysis is still relevant. Ever heard of a "Doji"? Let's shed some light on this candlestick pattern.

📌 A Doji is a candlestick that occurs when an asset's open and close prices are virtually the same, creating a thin line or a small-bodied candle on the chart. Visually, it resembles a cross, a plus sign, or a T.

Doji lies in its representation of market indecision. It suggests that neither buyers nor sellers were able to gain control during the trading period. This indecision often signals a potential reversal or a significant shift in market sentiment.

There are various types of Doji, each with its own nuances:

✅ "Gravestone Doji" has a long upper shadow, indicating that buyers initially pushed the price higher but lost control by the close.
✅"Dragonfly Doji" has a long lower shadow, suggesting that sellers dominated early on but lost momentum by the close.

When opening an option, it is important to consider other factors such as market context and trend analysis. For additional strategy confirmation, use vfxAlert signals.

To download vfxAlert, click here 📈📊🚀

#vfxalert_tutorial