What is Bollinger Bands? - Fibonacci Ratios Indicator Buy Signal and Sell Signal

Bollinger Bands - Fibonacci Ratios Indicator Buy Signal

How to Generate Buy Signal Using Bollinger Bands - Fibonacci Ratios Indicator

Steps on how to generate buy signals using Bollinger Bands - Fibonacci Ratios indicator:

This Bollinger Bands - Fibonacci Ratios indicator buy signal guide explains how to generate buy signals using the Bollinger Bands - Fibonacci Ratios indicator as shown below:

How to Generate Buy Signals Using Bollinger Bands - Fibonacci Ratios Indicator

Bollinger Band - Forex Fib Ratios Indicator Sell Signal

How to Generate Sell Signal Using Bollinger Bands - Fibonacci Ratios Indicator

Steps on how to generate sell signals using Bollinger Bands - Fibonacci Ratios indicator:

This Bollinger Bands - Fibonacci Ratios indicator sell signal guide explains how to generate sell signals using the Bollinger Bands - Fibonacci Ratios indicator as shown below:

How to Generate Sell Signals Using Bollinger Bands - Fibonacci Ratios Indicator

FX Analysis and How to Generate Signals

This indicator used to determine point of support & resistance for a forex pair.

Lines below represent support points while those above are resistance zones.

The outermost bands provide the strongest resistance/support.

The inner most bands provide least support/resistance.

The innermost band represents Fib 38.2% retracement level

The second band represents Fib 50% retracement level

The outermost band represents Fibonacci 61.80% retracement level

The Indicator is used to determine points where price might reverse. (Price Pullback Levels)

When price hits one of the lines and reverses then an entry or exit signal is generated.

However, it is always good to combine the signal with other confirmation indicators such as the MA to confirm the signal as illustrated below.

Analysis in Forex Trading

What's Bollinger Bands - Fibonacci Ratios Indicator Buy Signal and Sell Signal?