GBPAUD currency pair on the chart  H1 meets the 3 main criteria for strategy Bollinger Bands #3A. Five consecutive candles closed below the lower Bollinger band. In addition, a local low was formed and soon after that – a local high.

Breaking local low (1.6000) may be an opportunity to buy PUT option (on the decline). In turn, traders concluding transaction on the spot market may also enter after breaking 1.6000, SL should be over the local peak (1.6034). The target of the short transaction will be than 200 percent extension of the downward movement,  around the level of 1.5899.2510-gbpaud-696x3492x

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.

Error, group does not exist! Check your syntax! (ID: 3)