Trade Forex Trading

Bollinger Bands Trend Reversals - Trading Double Tops and Double Bottoms Strategies

One should wait for price to turn in the opposite market direction after touching one of the forex Bollinger band before considering that a forex reversal is happening.

Even better a fx trader should see the price crossover the moving average.

Double Bottoms Trend Reversals

A double bottom is a buy trade signal setup. Double top forms when price action penetrates the lower Bollinger band then rebounds forming the first forex price low, then after a while another forex price low is formed, & this time it is above the lower band.

The second price low must not be lower than the first one and it important is the second price low doesn't touch or penetrate the lower Bollinger band. This bullish Forex set-up is confirmed when price action moves and closes above the middle band (simple moving average).

Double Bottoms - Bollinger Band Trend Reversals Strategy Using Double Bottoms Patterns

Double Bottoms - Bollinger Band Trend Reversals Strategy Using Double Bottom Setup Patterns

Double Top Trend Reversals

A double tops is a sell trading signal setup. Double top forms when the price action penetrates the upper Bollinger band then rebounds down forming the first forex price high., then after a while another forex price high is formed, this time it is below the upper band.

The second price high must not be higher than the first one & it important is the second price high does not touch or penetrate the upper Bollinger band. This bearish Forex set-up is confirmed when price action moves & closes below the middle band (simple moving average).

Double Tops - Bollinger Band Trend Reversals Strategy Using Double Tops Chart Setups

Double Tops - Bollinger Band Trend Reversals Strategy Using Double Top Setup Patterns

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