260577

IS BOLLINGER BANDWIDTH TELLING US SOMETHING ABOUT GBP?

FX:GBPUSD   British Pound / U.S. Dollar
210 2 1
The Bollinger Band width ( BBW ) is an indicator of volatility and as we know volatility moves in cycles and is mean reverting
.For the last 20 Bars BBW for Cable has been around 0.02 and drifting lower . The average for the period of the chart is 0.04
The last 2 occasions when this happened was followed by one huge and another fairly large down move( see arrows). Could we have a repeat ?
The optics around Cable makes a down move of similar magnitude seem unlikely , but its good to keep this in mind. I plan to go long or short on the next Bollinger Band breakout . Happy trading !!!!!!!!!!!
good observation
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The BB breakout has happened.Going long
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