Black Swan Forex: AUD/USD Setup - Bollinger Bands

Update: AUD/USD Setup Hourly Bollinger Bands

21 June 2013/2:22 p.m. ET

Issue #433

Often when you see the narrowing on the Bollinger Bands as are now apparent in the hourly chart of AUD/USD, there can be a sharp breakout, one way or the other. I believe AUD/USD is extremely oversold, and with global stocks acting a bit better today, I am playing for a sharp near-term breakout higher. Time will tell.

[Our buy-stop entry per issue #427 is above 0.9258 which represents the swing high level...]

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Jack Crooks

Black Swan Capital

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