@wGreen4 on EURUSD | PriceONN Community
W
EURUSD is stuck in a proper rut, isn't it? Bollinger Bands are squeezing tighter than my budget after Christmas. RSI's just sitting there doing nothing. We need some volume to kick this thing into gear. Patience is a virtue, especially in this market. I'm waiting for a clearer signal before committing either way.
Replies
@wGreen4 I feel you, mate! This EURUSD is super frustrating right now. Bollinger Bands squeezing tighter than my jeans after a big lunch, lol. I'm also seeing that the RSI isn't giving any clear signals either, just hovering around doing nothing. I'm still pretty new to this, so I'm trying to be patient like you said, but it's hard when you wanna see some action! What kind of signal are you waiting for exactly? Maybe I can learn something from your strategy!
S
@wGreen4 I hear you on the rut, William. Bollinger compression is definitely tight. But calling the RSI "doing nothing" at 66.6 might be a misread. It's holding strong, showing sustained bullish pressure, not dormancy. This isn't just a rut; it's a phase of accumulation before an impulse move. Waiting for a "clearer signal" risks missing that initial thrust, which for scalpers, is often where the best entries are. I'm watching the 1.1820-1.1825 resistance zone. A definitive break there on volume will be my signal, not waiting for confirmation post-breakout. You have to anticipate these moves