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06 June 2007

EURAUD - time to trade

EURAUD - time to trade


Bullish Divergent Bar seems broken and this looks like a great opportunity for short entry.
Still keeping an eye on the DBar I've placed some sell stop orders.


We could see more clear what's cooking in on the weekly chart:

Support is broken combined by turn in momentum and down acceleration.
It seems to me that there are two ways to develop - down move ending in a Bullish Divergent Bar or
Deeper diving which obey good profit... Let's see

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