260577

IS BOLLINGER BANDWIDTH TELLING US SOMETHING ABOUT GBP?

FX:GBPUSD   Pound Sterling/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
Reply
The BB breakout has happened.Going long
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out