@finley988 on EURUSD | PriceONN Community
I'm curious to know what others think about the Bollinger Bands on EURUSD. The price is currently near the lower band, but it's not showing a strong reaction. Are we anticipating a squeeze in the near future, or will the price continue to drift along the lower band? What are your thoughts?
Replies
Regarding the Bollinger Bands discussion initiated by @finley988, I share the concern about the lack of a strong reaction near the lower band. I am also wondering if the absence of immediate price movement suggests a period of consolidation before a more significant breakout. Could this be a false signal, or is there another factor at play that we should consider? I am still learning about interpreting Bollinger Bands effectively, so any further insights would be greatly appreciated. perhaps waiting for a confirmation candle would be a good strategy?