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19 July 2007

GBPAUD Bullish Divergent Bar Setup

GBPAUD Bullish Divergent Bar Setup


GBPAUD 4 hour chart is forming a Bullish Divergent Bar Setup. The acute down move formed strong divergence with the Alligator's mouth preparing next setup.

During the last two sessions, price failed to break down the previous Bearish Fractal forming this way a Double Bottoms.

This Bullish Divergent Bar is supported also on Daily chart where is visible again Double Bottoms and strong divergence between Momentum and price.

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