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)....
The 200 day linear rgression channel has been a good indicator for EURGBP. feels like the price touched a mid term bottom today 0.8356. go LONG WIth a target of 0.8700 . the bounce has happened . move s/l 0.8390
