From Bollinger to Bollinger? Why not? Everything is possible!
I recently try to keep an attention to a Bollinger Bands indicator. It often works good enought. So, it is really interesting situation now. If you look on my previous idea on AUDUSD pair I prefer to long it longterm (you can see inverted H&S idea in links).
However current level looks to dangerous for buying for me because Bollinger Bands bottom. So, it is really crazy idea based on a assumption that price could meet it before a rise. Nothing except this assumption here - no fundamental, news - nothing - only Bollinger. (I never use fundamentals, news and rumors at all - only Technical Analysis). That's why I ask you not to take it seriously. Just funny setup.
Always remember that moves could be huge and unpredictable. Market is unkind always, you never predict it. So, Risk management is ABSOLUTELY mandatory. Use only own ideas, never trade by other traders forecasts.
However current level looks to dangerous for buying for me because Bollinger Bands bottom. So, it is really crazy idea based on a assumption that price could meet it before a rise. Nothing except this assumption here - no fundamental, news - nothing - only Bollinger. (I never use fundamentals, news and rumors at all - only Technical Analysis). That's why I ask you not to take it seriously. Just funny setup.
Always remember that moves could be huge and unpredictable. Market is unkind always, you never predict it. So, Risk management is ABSOLUTELY mandatory. Use only own ideas, never trade by other traders forecasts.
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Good dynamics.
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A second try.
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looks like has turned around from a bottom.
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Nice W candle.
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Excellent dynamics.
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The dangerous asset. A rigorous risk management is mandatory.
