The trendline indicator combined with the ladder pattern is one of the effective methods of determining the price trend. Unlike reversal strategies/methods, this helps to find out whether the market will continue to grow or not.
The Bollinger Bands strategy combines the Support and Resistance indicator to open orders based on a reversal signal. The accuracy of the strategy's signals is 70%, which is relatively high when trading Fixed Time Trade.
Since currencies in the Forex market are always traded in pairs, the first question a trader needs to answer is which currency pair would be best to trade, and when to get in and out of the market.
The trendline indicator not only gives you good entry signals, but it also provides great support to basic indicators and strategies. Using it for bullish trade is the correct way to use Trenline indicator.
RSI - Relative Strength Index is a technical indicator used in the analysis of financial markets. It intends to chart the current and historical strength or weakness of a stock or market based on a recent trading period's closing prices.