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17 May 2007

Totally flustered (GBPAUD)

(see another point of view at
What the news can do? (GBPAUD)


The news yesterday totally disordered GBPAUD.

Here on the 4 hours chart is visible the levels where Bullish Divergent Bars appeared. The 1st attempt was killed by bears, 2nd totally failed, fortunately with small losses. 3rd one seems again to be killed by bears, despite of yesterday news support.

On daily chart the break of Double bottoms was supported by the same news.

Nevertheless the Bullish Divergent bar on daily chart, looking at both charts we've got so many heterogeneous signals that for me staying away seems reasonable.


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