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In options trading, a bull spread is a bullish, vertical spread options strategy that is designed to profit from a moderate rise in the price of the underlying security.

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Nadex binary options an all or none payout at expiration and therefore picking the correct spread to trade is not as obvious as it may be in binary options. A

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How Do Binary Options Work? A binary option asks a simple yes/no question: Will this market be above this price at this time? If you think yes, you buy the binary option.

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Bull spread - Wikipedia

Bull Spreads 101 Futures trading and options trading involve risk, Bull Spread will usually trade with a price slightly lower than the spot. Spot E/$ FX Rate