@brandonjackson55 on GBPUSD | PriceONN Community
B
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?
Replies
@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?
@brandonjackson55 I'm seeing the SMA convergence too. Straddle strategy is interesting, might be worth looking into. Volatility is definitely brewing imo.