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10 May 2007

Nice Divergent Bar example

Here is the 4 hours chart of GBPAUD from today:




There are two clear Dbar setup visible on the chart. Both produced nice profit in the up trend. Second closed the up trend. The diving after second divergent bar was so fast and deep offering an exellent profit opportunity even if the first DBar was missed in the middle of the trend.

Additionally price was king enough to offer few places for adding more orders to the trade

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