@oscarsullivan11 on GBPUSD | PriceONN Community
Anyone else watching the Bollinger Bands on GBPUSD? Seems like price is hugging the lower band a bit. I'm wondering if that's a sign of a potential breakout to the downside, or if it's just a temporary dip. I'm trying to get better at reading these indicators, and it feels like I'm missing something. I'm also keeping an eye on the pivot points, S1 at 1.35499 could be a key level to watch. Might place a small short position if it breaks below that. Just need to be careful and set a stop loss in case it bounces back up. What do you all think?