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18 June 2007

EURCAD Bearish Divergent Bar setup


What is different between this Bearish Divergent Bar setup and the same setup formed on EURUSD 4 hours chart today (look here and here )?

Here we have very strong Acceleration pushing up the Momentum, but Alligator is asleep and Friday spike up had just awaken it.

This is dangerous because once up it might start hunting and will take away this setup. We'll see in the coming few sessions.




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