AUDUSD currency pair seems to finish the correction of strong declines which had experienced yesterday. There could be an opportunity to Sell on declines in line with the strategy Bollinger Bands # 3A.
We have already fulfilled several conditions of just mentioned strategy. What are the conditions? About this below:
5 consecutive candles closed below the lower Bollinger Bands
Formed a local low (0.7373)
Formed local high (0.7419).
We are waiting for breaking the local low, which may be a signal to buy option PUT or take a short position (about where to put stop loss and take profit you will learn from the description of the strategy).
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