In this class, you will learn what envelopes are, how to place the envelope indicator on your chart, and how you can use them as part of your trading strategy. The envelope indicator shows you exactly when a currency pair is overbought or oversold.
Envelopes are undoubtedly one of the most efficient when it comes to helping traders realize significant profits as well as limiting their losses. The envelope indicator can also be used to identify long and short trends that break outside of the levels of support and resistance.
An envelope indicator is an interesting trading tool because it is both simple and universal. To get the best results, use envelopes as part of a tested trading method. Feel free to use your preferred trade entry, stop loss and take profit strategy when trading with the Envelopes Forex indicator.