The word Binary suggests having 2 parts. So basically a trader has to decide between trading a ‘PUT’ or a ‘CALL’.
When a signal is posted as EUR USD call 1.11587 for 15 minutes expiry time by a signal provider , the trader must wait for EUR USD to go below the Strike Rate (SR) as mentioned. Select “CALL” option and choose 15 minutes as expiry time. If the price closes above the entered price at the end of expiry, it is considered as a winning or ITM signal