Forex technique - Bollinger Bands

For technical analysis, there are lots of indicators for usage. Among the most common and basics are Moving Average, MACD, etc

I would like to share using Bollinger Bands.




For Bollinger Bands, it consists of three line - upper bound/band, mid bound/band, lower bound/band

The logic behind these 3 lines are - the upper bound indicates overbought state where a correction will be expected and