Many brothers only know some of the Bollinger Bands, and only understand the role of support and pressure, but have not learned the real secret of the Bollinger Bands indicator. I will reveal the use of this indicator to you.
1. The upper and lower tracks of the Bollinger Bands narrow and then open, and the currency price moves along the upper track. The larger the opening and the more upward the middle track, the stronger the currency price will rise.
2. If the currency price breaks through the middle track strongly, you can enter the market, and if it breaks through the upper track, you can continue to hold.
3. If the upper and lower tracks narrow and then open, the currency price moves along the lower track and the middle track turns downward, you should leave the market in time.
4. After the currency price falls below the lower track, a medium-sized positive line returns to the top of the lower track, which is a rebound opportunity. You can leave the market when you meet the middle track.
5. If the currency price falls below the upper track and pulls back, the middle track can be used as a support position.
6. The fluctuation of the currency price around the middle track is a volatile market, and you can sell high and buy low between the upper and lower tracks.
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