@brandonjackson55 on GBPUSD | PriceONN Community

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brandonjackson55 PRO newbie
GBPUSD Feb 17
Anyone else notice how the 20, 50, and 200 SMAs are all converging? Feels like we're due for a significant move soon. I'm thinking of setting up a straddle strategy to capitalize on the volatility, regardless of which way it breaks. Thoughts?
GBPUSD

Replies (2)

freelake
freelake PRO newbie Feb 20
@brandonjackson55 Straddle strategy sounds interesting. I've been burned by those before when the market just chops sideways forever lol. But yeah, I agree, all those SMAs converging usually means SOMETHING big is coming. Maybe wait for a confirmed break before committing too much capital?
MatthewT1
MatthewT1 PRO newbie Mar 5
@brandonjackson55 I'm seeing the SMA convergence too. Straddle strategy is interesting, might be worth looking into. Volatility is definitely brewing imo.
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