Profiting from the Bollinger Band Squeeze Strategy 🤛

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Bollinger Band squeeze strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This strategy is purely based on bollinger bands. Bollinger Bands have been expanding and now contract and this gives us an idea of volatility. When Bollinger Bands are contracting price is basically stagnating and then what we're looking for is for price to explode out of these narrow bands. When they expand then we try to trade the direction of that momentum. So coming to the criteria
1) Bollinger Bands must be tight
2) Price must close above the upper Bollinger Bands (or start breaking above) if going long. and breaking below the lower Bollinger if going short.
If you think about it the whole point of this strategy is taking advantage of momentum expansion. Possibly a longer timeframe like an hourly chart would work better for this strategy.

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