Sign up for PayPal and start accepting credit card payments instantly.
Forex eBook - Read and Learn

Earn Over $10,000 USD - Sign up as an affiliate and start earning thousands of dollars online.

01 August 2007

EURAUD - Bearish Divergent Bar setup

EURAUD - Bearish Divergent Bar setup


After the peak two days ago, EURAUD made another one on 4 hours chart forming a new Bearish Divergent Bar. This Dbar is supported by the Tween Peaks formation in Momentum and a nice acute angle.

Acceleration is also much less then during the previous rally

This is a good chance to go short with a nice profit horizon if there is no unexpected news around.

No comments: