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 Bollinger Bands as Support and Resistance.

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Posts : 22
Join date : 2011-04-13

PostSubject: Bollinger Bands as Support and Resistance.   Sat Aug 27, 2011 1:39 pm

Some traders draw straight lines connecting either tops or bottoms of prices to identify the upper or lower price extremes, respectively, and then add parallel lines to define the channel within which the prices should move.

However, there is a major S / R method that incorporates none of the above – the Moving Average. Forex technicians use moving averages with support and resistance lines (Bollinger Bands) to anticipate the price action of a currency. More about Bollinger Bands as Support and Resistance levels >>>
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