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21 May 2007

USDCAD New week (#21 - 21 May 2007)

USDCAD New week (#21 - 21 May 2007)


This pair continues its down move taking the subsequent Bearish fractal.
It also shows a good example of invalid Bullish Divergent Bar. One of the conditions DBar has to met is acute angle during its formation. Instead we see here two parallel lines.

This is also support by the Double Bottoms break on weekly chart.

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