@GYoung44 on EURUSD | PriceONN Community

@GYoung44 Bollinger Bands are just one piece of the puzzle. When price touches or goes slightly outside the lower band, it *can* indicate an oversold condition, potentially leading to a bounce. However, it's crucial to look at other indicators like RSI and MACD to confirm. Also, consider the overall trend. Is the trend strongly down? If so, that 'oversold' signal might just be a continuation pattern. Don't rely solely on one indicator. Start with a simple strategy like trend following using moving averages and then add other indicators gradually as you get more comfortable. Baby steps, Grace!