Divergence Forex Bollinger Band Strategy
This works on a 4 hour timeframe and suitable to any currency pairs.
Forex Indicators:
- Bollinger bands: (20:2);
- THV Trix Divergence.
Enter a trade when there is a divergence.
Keep moving TP every 4 hours to the targeted outer band of Bollinger Band, until price hits (at either profit or loss).
Suggested filter:
- Observe a large distance between the price and the opposite outer band of the Bollinger, then take the trade.
- Take only trade when price still needs to travel across the middle Bollinger Band line before it can reach the other end (similar to giving you more distance and potential profit).
- Do not forgot to add another exit point is if a new divergence signal occurs, pointing the wrong way.
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