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02 August 2007

Yesterday setups

Yesterday setups


AUDCHF and EURAUD Divergent Bar Setups formed yesterday lost steam and turned into a range.
After two long bars moving forces lost interest and last two sessions are drifting around.

Nevertheless momentum and acceleraiton are still on the same side, trading against the trend is always dangerous.
Finally tighten stops were hit and trades - closed.

There is still possible the move to continue in DBars direction, but until price is into the Alligator's lines trader must keep his eyes well open ;)

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