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01 June 2007

GBPAUD - "on the next day" - part three

GBPAUD - "on the next day" - part three


We have a nice movie here ;-)

Bearish Divergent Bar starting few days ago (look here part 1 and part 2 ) offered a great opportunity for a profitable trade and no pitfalls at all 8-D

For a trader the only concern was to keep the eyes open and to catch each signal.

After the nice move it seems that it is time for collecting profit. Acceleration is slowing and momentum has turned up.

Looking on the daily chart we see that it is the right forming of a head and shoulder pattern, so there are to choices here:
Either to break down
or turn up

Look patiently.

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