Monitoring gauge trends for breakouts with Bollinger Bands®

Posted in US | Trade Tap Blog | Trading Knowledge
5 minute read
Gauge trends, monitor for breakouts with Bollinger Bands

Delve into Bollinger Bands, their history, important settings, and forming trading strategies.

What are Bollinger Bands®?

Through this article, you will learn:

What is the Bollinger Bands indicator?

Settings for Bollinger Bands

How to trade using Bollinger Bands

GBPUSD_2024-09-10_15-19-39
Figure: GBP/USD uptrend 1-hour chart (Source: TradingView). Past performance is not indicative of future results.
USDJPY_2024-09-10_15-33-50
Figure: USD/JPY downtrend 1-hour chart (Source: TradingView). Past performance is not indicative of future results.

Importance of time frames in Bollinger Bands

USDCHF_2024-09-10_15-41-32
Figure: USD/CHF daily chart (Source: TradingView). Past performance is not indicative of future results.
USDCHF_2024-09-10_15-42-58
Figure: USD/CHF 4-hour chart (Source: TradingView). Past performance is not indicative of future results.

Bollinger Bands squeeze strategy

XAUUSD_2024-09-11_15-54-32
Figure: Gold (XAU/USD) daily chart (Source: TradingView). Past performance is not indicative of future results.

Key takeaways