Just wanted to share something I'm looking into. I got this idea from a well know independent trader, Alessio Rastani.
He uses his own Squeeze Indicator to determine a big move, after heavy sidewards movement. A Squeeze happens when the bollinger band go into the keltner channels.
It doesnt, however, show which way the big move will happen. You can use momentum indicators to help you make your decision. Since the long Term Momentum is Positive, ive decided to long this 5 minute chart.
AUD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
