How to Use Bull-Bear Indicators in Forex Trading

How to use the long-short indicator? The basis of the BBI long-short indicator is actually the moving average. Therefore, if investors want to use the BBI long-short indicator in Forex trading, they can refer to the method of using the moving average. Below we will introduce its usage in detail.

1. When the current exchange rate is in a relatively low area, if the closing price rises above the BBI long and short indicator, it is a buying signal;

2. When the current exchange rate is in a relatively high area, if the closing price falls and breaks through the BBI dynamic control indicator, it is a sell signal;

3. If the current exchange rate moves below the BBI long and short indicator, and the BBI indicator also shows a downward trend, it means that the market outlook is more likely to continue to decline, and it is not a time to buy;

4. If the exchange rate rebounds but fails to break through the BBI long-short indicator, investors should sell on highs;

5. If the current exchange rate is about to move above the BBI long and short indicator, and the BBI indicator also shows an upward trend, it means that the market outlook is more likely to continue to rise, and investors can choose to hold positions;

6. If the exchange rate still maintains strong support from the BBI indicator when it falls back, it means that the downward consolidation of the exchange rate is about to end, and it is more likely that the exchange rate will continue to rise in the future.