Hi Simran,
A bullish trade means the trade is a buying trade, say for instant that you are trading Binary Options and you get a signal that the currency pair you are looking at are bullish, you will make a buy. The other way is Bearish trade or signal. I hope was helpful. Happy Trading!
Being "bullish" on something means you believe that something will improve or increase in value in the future. A "bullish trade" is thus some sort of trade where you believe the traded good or financial instrument will increase in value in the future.
The opposite is "bearish", meaning that you believe the thing will lose value or weaken.
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