AUDJPY currency pair was at the lower Bollinger band. In addition, price formed a local low at 78.46. Breaking this level may be an opportunity to buy PUT options (price decline).This scenario would be consistent with the strategy Bollinger Bands # 3A, under condition that prior to the making a local low , does not close above the lower Bollinger band. Such a situation would in fact negate the potential setup. As for a potential trade on the spot market, for more details (setting of SL and TP) is in the description of the strategy.


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