First of all, I want to say that I am a short- term binary options trader, 1 min and 5 min expiry are both short-term trading.
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Personally, I prefer trading 1 min expiry with 1min chart. I sometimes use 5min chart to filter some of my entries. About the indicators, I have one simple thing to say.
So, the best choice is to stop looking for them and learn basic price action.
All of them are simple indicators to confirm PA and you can find them free. Look at the beginning of the rectangle. The whole number is now our resistance.
Price make a come back and come again near the whole number. The doji star here is our confirmation. So, in this case we are trading with the trend.
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In the second screenshot we have the same situation but now we are taking a call the second time that price test th whole number 1. In this case you can see that our 8 period RSI is below 30 level.
This means that the asset is oversold this moment and this is our confirmation. We should wait for a small pull pack and it comes. The next candle is green.
Notice that we are in a down trend. Brokers are filtered based on your location France.
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