Trend following strategies are commonly used in bull markets to capture the upward momentum of the market. Here are some common trend following strategies that traders can consider:

Moving Average Crossover: This strategy involves using two moving averages of different timeframes, such as a 50-day and 200-day moving average. When the shorter-term moving average crosses above the longer-term moving average, it indicates a buy signal, and when it crosses below, it indicates a sell signal.

Breakout Trading: This strategy involves identifying key levels of support and resistance and entering trades when the price breaks through these levels. In a bull market, traders would look to buy on the break of resistance levels.

Parabolic SAR: This is a technical indicator that can be used to follow the trend of a bull market. When the dots are below the price, it indicates an uptrend, and when they are above, it indicates a downtrend. Traders can use the dots as stop-loss levels or to enter trades when they change direction.

Relative Strength Index (RSI): The RSI is a momentum indicator that measures the strength of the market trend. When the RSI is above 50, it indicates a bullish trend, and traders can use this as a signal to enter long positions.

Moving Average Envelopes: This strategy uses a moving average line and an upper and lower envelope line. When the price is trading above the upper envelope, it indicates a bullish trend, and traders can use this as a signal to enter long positions.

It is important to note that no strategy is foolproof, and traders should always use risk management techniques to minimize losses. It is also important to keep an eye on market news and events that may impact the trend of the bull market.

Looking to learn about forex? Take our crash courses at our Forex University. If you’re looking to setup a demo trading account then click here. Finally, if you’re looking for Forex Signals, Forex Portugal provides free & premium signals on-demand.