DLavrov

Buy or Sell? Waiting for breakout

FX:AUDCAD   Australian Dollar/Canadian Dollar
117 0 7
The pair trades with low volatility . Indicator DMI below level 20, Bollinger Bands contraction could give the good oppotunity for the huge movement. Waiting for expansion of Bollinger Bands , and when the price closes outside of bands, there will be a signal for openning deal in the direction of breakout. The indicators MACD and ADX must confirm this movement. The Stop Loss must be placed below/above the middle line of Bollinger Bands (MA20) and Take Profit 1.01310 or just around.
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