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Bollinger Bands ® are among the most reliable and potent trading indicators traders can choose from. They can be used to read the trend strength, to time entries during range markets and to find potential market tops. The indicator is also not a lagging indicator because it always adjusts to price action in real time and uses volatility to adjust to the current environment.
In this article, we show you how to use Bollinger Bands ® to improve your chart reading skills and how to identify high probability trade entries.
In our pro Forex trading course, you will learn how to use the Bollinger Bands ® to find and time entries step by step as well with one of our many setups which we teach and trade.
Bollinger Bands ® explained 101
As the name implies, Bollinger Bands ® are price channels (bands) that are plotted above and below price.
The outer Bollinger Bands ® are based on price volatility, which means that they expand when the price fluctuates and trends strongly, and the Bands contrac...
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