Bismillah.
May Peace Be Upon You And Good Evening.
Hope everyone is well! Is there's anyone reading this blog that is. :P
Nonetheless, this post is dedicated to be as a "scanner" for candles that closed outside of Bollinger Bands. Candles that closed outside Bollinger Bands (BB) is considered to have a very strong momentum (strong buy or strong sell).
For candles that closed above the upper band signifies a very STRONG BUY.
For candles that closed below the lower band signifies a very STRONG SELL.
I have been searching high and low for the scanner or indicator, just indicates that this pair at a certain time frame at a certain moment, the candlestick closed outside of the bands...... NOTHING! Cant find it. If you find it please do share it with me. Certainly helps a lot.
Easy right? Not that easy! We will need to filter them with your own techniques. Right? Sure.
Here we go. *Checking the chart from MN TF to H1 and jotting them down in the blog. Back and forth :D*
NZDUSD = H4 (BUY)
AUDUSD = H4 (BUY)
EURUSD = MN WK H4 (BUY)
GBPUSD = WK H4 (BUY)
GBPJPY = WK (BUY) DAILY (SELL)
AUDJPY = WK DAILY (SELL)
NZDJPY = DAILY (SELL)
EURJPY = DAILY H4 H1 (SELL)
USDJPY = WK DAILY H4 (SELL)
USDCHF = MN WK DAILY (SELL)
USDCAD = DAILY H1 (BUY)
EURGBP = H1 (SELL)
Hope this helps for your next week's trading. Choose the right TRENDING MARKET to trade. :)
If there's people who is using BB out there, lets create a group thats dedicated to scan the market for these kind of Momentum. LETS? Let me know.
Lets RIDE THE BANDS!
Thanks and Best Regards,
SalamTrader
P/S: If you wanna read up about, RIDE THE BANDS momentum style. Read it up here! https://forextradingstrategies4u.com/bollinger-band-breakout-forex-trading-strategy/
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