As a trader, you would know that the horizontal levels are imperative in the Forex market. By joining these levels with the price action strategies, you would have an efficient and simple strategy to do Forex trading.
Currency markets are seeing an increasing number of net long positions on the greenback. With multiple Fed rate hikes in the pipeline for 2017, major pairs featuring the USD are going to strengthen over the short-term.
When trading forex, one common tool that traders often use for technical analysis are Bollinger Bands. These are technical charts that are based on a statistical measurement called standard deviation, which allows traders to observe trends in the market.