Best Market Situation for Bollinger Bands

In as much as a Forex trader using Bollinger bands technical indicator likes to see market price action trading between the lower and upper bands , a range trading market best facilitates that. on the Forex trading chart below , we can see how trading decisions can be built as market price action trades between the bands and gives buy and sell trading signals. When this currency pair is in a strong bearish trend, we can see how the upper bands doesn't even come into play. The lower band can be used minimally to identify when a retracement might occur. Bollinger bands technical indicator function best as a foreign exchange pair is moving in more of a sideways ranging trade than in a moving trend.