AUDUSD, 15/06/15 @11:02 GMT

BUY@0.7749 SL@0.7706 TP@0.7798 …..OR……

SELL@0.7704 SL@0.7748 TP@0.7602

Monitor the pair from H1 Time-Frame. Bollinger Bands have formed a BOTTLENECK. We expect to see a breakout and a FUNNEL.

BUY if you see a Bullish Candlestick closing above Upper Bollinger Band or a Breakout Candlestick crossing above that level, Upper/Lower BBands edges turned Outwards forming a FUNNEL, Median BBand going UP, Tenkan Sen going UP, STochastics going UP and Chikou Span having crossed above past price action going UP.

SELL if you see a bearish candlestick closing below Lower BBand or a bearish breakout candlestick crossing that level, with all indicators going DOWN.

Happy pips!

Sofia

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