Center Band Rejection Pattern | Live Forex Trade | AUDUSD | 1 Hour Chart

By | March 16, 2016

See attached Video. This video originally posted in 2014. Nice center band rejection signal on the AUDUSD that also provides a perfect example of confluence of patterns. The breakout of resistance is retested and now acting as a support level additionally, the center bollinger band corresponds to exactly to this level making this a perfect location to locate liquidity in the market. We see quick bounce off this level as expected with a profit target below the most recent bounce high.

Leave a Reply