@mMartin34 on USDJPY | PriceONN Community

So I was thinking more about those Bollinger Bands after asking. Maybe it’s like, when the price hits the top band, it's too high and might come back down? And if it hits the bottom, it’s too low and might go up? But then what about that crazy news about the yen weakening because of inflation? That’s gotta mess with the bands right? It feels like the news is pushing USDJPY up past 158.50, almost to 159 now. I’m just worried about getting rekt if I jump in now and it suddenly reverses. This whole market is so confusing, especially with the geopolitical stuff going on too.

Hi @mMartin34, I've been looking at Bollinger Bands too. It seems like when the price touches the upper band, it might be overextended and could pull back. For selling, maybe you wait for it to touch the top band and then look for a sell signal? It's a bit confusing for me still, I'm just starting out.