This is probably the most common and straightforward Forex trading strategy. You’ll do best with it in a trending market. Traders use technical indicators like MAs, trendlines, and RSIs to figure out what direction an asset’s price is headed in, and place trades that anticipate that direction. They buy on uptrends and sell on downtrends.
Key indicators used:

2. Breakout
This Forex trading strategy is best in a highly volatile market. A “breakout” often means the volatility is increasing and the price will continue in the breakout direction for a while. When the price of the asset you’re targeting goes above or below certain levels, either buy or sell, respectively.
Just in case the breakout turns out to be false, set a stop-loss order just outside the breakout zone.

3. Range trading
In a market with no clear trend and low volatility, the thing to capitalize on is the price bouncing up and down within its range. This is done by buying at support levels and selling at resistance levels. Identify your positions with the RSI or the Stochastic Oscillator - these will help you find potential reversals by confirming overbought or oversold assets.
Note: There may be a breakout. Never forget to set your stop-loss order.
