Divergent Bars Day - Part 2
The begging is of the story is here ...
Let's see what happened:
EURCHF:
Steep and fast rally formed a Bearish Divergent Bar resulted in a slower consolidation. Down move was much slower and formed a Bearish Fractal.This opens an opportunity for adding to the trade.
USDCHF:
Acute Angle though this Bearish Divergent Bar trade was closed by hitting stop loss causing small loss.It seems that up move has still power and could blow into a new rally. These slowing momentum and acceleration did not result in breaking the last bearish fractal - Bulls are still strong enough ;-)
GBPCHF:
This consecutive Bearish Divergent Bars failed one after another approving that the distance between the price and Alligator's line have to be substantial.
Acceleration was hesitating around the zero line and Momentum was sometimes up - sometimes down but also gravitating around the zero.
Nevertheless the angle is acute the distance between the price and MA lines is small.
Last bearish fractal was not hit but taking the Bullish fractals helped to acceleration giving few adding signals. Traders that had jumped on successfully will enjoy a nice profit.
Some others samples of Divergent Bar:
eurgbp
Bearish Divergent Bar was the natural end of Alligator's lines intertwining and a ground for a new down move. Here DBar was the confirmation of the movement turn from up to down.Excellent adding point are clearly visible.
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