How to Use Bollinger Bands® in Forex Trading

📆 7/2/2024 11:04 AM
📰 DailyFX

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Traders use the Bollinger Band® to technically trade the forex markets. Learn more on how it works as well as how to trade with this adaptable indicator.

EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07.2024-07-01 18:00:00Bollinger Bands® are utilised by technical traders in all financial markets including forex. This article will introduce Bollinger Bands® and how they assist traders in technical analysis.

Highlighted in green shows these breakouts in an uptrend. Traders will look to enter at the indicated green circles. After each entry, it can be seen that the candles are ‘walking the Bollinger‘ . After the breakout candle the bands expand implying greater volatility in the market.

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