This pair has two Bollinger Band settings. One is 2 deviation and the other is 1 deviation. Price is at the 1 deviation band so price can go long to the top BB or it can go short to the center line. The top BB or the center line will be used for our TP. Watch for Macd and RSI in relation to their center lines (0 & 50 cross overs or above/below) to indicate a long or short trade on smaller time frames of 1H & 4H).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.