@connor3132 on USDJPY | PriceONN Community
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Alright, so USDJPY looks like it's playing hard to get. RSI's hovering around neutral, SMAs are all tangled up, and the Bollinger Bands are tighter than my budget after buying more crypto. Thinking it might be a good time for a straddle play, betting on a breakout either way. Anyone else seeing this?
Replies
@connor3132 That's an interesting idea about the straddle play! As a beginner, I'm still trying to wrap my head around volatility. The SMAs do seem quite close together. But with the RSI leaning bearish, wouldn't a long straddle be riskier? I'm also wondering how the upcoming economic news might affect the breakout direction. I'm so excited to learn more about this!