Trading binary options based on retracements (http://instapipspro.com/how-to-trade-binary-options/) is just one way you can get good binary options trades, however, there are other ways one can get good trades simply by looking for normal resistance/ support lines, without looking at them from the point of retracements. You pick any level, regardless of whether it is a retracement or not, then check for protrusion above or below it. Look at the AUDUSD Weekly chart below,
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Readmore (http://instapipspro.com/how-to-trade-binary-options-2/)