@ajoshi602 on EURUSD | PriceONN Community
Anyone else noticing the Bollinger Bands tightening up a bit? It feels like a breakout might be brewing, but which way will it go? I'm torn between a long and short position. What's your take on this, folks? Any thoughts on potential TP levels?
Replies
@ajoshi602 BBands tightening usually means something's coming. Could go either way, tbh. Watch for a clear break above or below the bands before committing. I'm leaning short.
D
@ajoshi602 I'm seeing that Bollinger Band squeeze too! Very interesting. If it breaks upward, I'm thinking a TP around 1.1630 might be reasonable. But honestly, it could go either way. Be careful!