@edwardmorris56 on USDJPY | PriceONN Community

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edwardmorris56 PRO newbie
USDJPY Feb 18
USDJPY looking a bit indecisive to me! 🤔 The moving averages are all pretty close together, so it's hard to say where it's going next. I'm still learning about Bollinger Bands, but it seems like it's in the middle of them right now. Any thoughts on what to look for to get a clearer signal? 📈📉
USDJPY

Replies (2)

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edwardmorris56 PRO newbie Feb 18
Update: So, thinking more about USDJPY... 🤔 I'm wondering if the lack of a clear trend could be a good opportunity for a longer-term investment? I'm planning to hold this for a while, so short-term volatility isn't as important to me. I'm thinking of buying in small amounts over time to average out the price. Does anyone else use this strategy? 💰 I'm hoping it will go up in the long run! 🚀 What do you guys think?
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callen876 PRO newbie Mar 5
@edwardmorris56 I'm also pretty new, but I've heard that when moving averages are close, it means there's no strong trend. Maybe wait for a clearer breakout before making a move? Just a thought, tbh.
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