AUDUSD currency pair on a 4-hour chart was under the lower Bollinger band (deviation: 0.382). Declines slowed, however, after the establishment of the low at the level of 0.7523. There began to create a consolidation.
However the price on 4-hour intervals is still at the lower band and are visible candles with long wicks which may indicate a predominance of the supply side. For confirmation of a return to declines we should wait until the low at 0.7523 will be broken. Such a situation would lead also to meet all the criteria of a strategy Bollinger Bands # 3A.
Test account with a broker binary options uTrader! Click here to invest
Binary options broker uTrader offers a return. If you win your account will increase by a percentage of the invested amount. If you lose, regardless of the size of the defeat, you never lose more than you bet.
