Binary IBE35 faced a significant resistance. The upside move was short-lived and opened the door for subsequent losses. It is always important to be patient and to wait for the right moment to enter into the market in order to be successful and to transform the fun from betting into a real business. Current trading session opened lower. The binary traders should wait to see where the binary options are headed to before taking positions.
Binary options on IBEX35 are offering perfect opportunities for placing profitable bets. Binary traders should follow the sentiment of the market and try to feel its pulse. It is not an easy task for the novice trader. However, it is important to make this effort. Currently, the binary options are closed in a tight range on intraday basis and struggle to find direction. It is typical to witness some upside pressure after such a steep decline. Some of the binary traders consider current market prices as cheap and are looking for bargains.
Potential upside targets are 6610 points representing EMA5, followed by 6630 points. Binary options have faced resistance at EMA200 2 days ago. It has been tested several times without being broken. It is a strong signal for the binary traders` mood. The sentiment continues to be bearish.
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.