Constricting Bollinger Band
signal and squeeze. We have see decreasing volatility
for the last few days. We expect a sudden move higher or lower as players jump into the market and consolidation ends. We would be looking for geo-political events in Eastern Europe and market data involving the USD or EUR.
Today we have important job market information coming out from the US.
To trade this instrument, you need to place a buy stop or a sell stop on either side and look for the price to hit either of them. Always make sure to add stop losses in case of a fake-out.