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13 July 2007

CHFJPY - Bearish Divergent Bar setup

CHFJPY - Bearish Divergent Bar setup


Bullish Divergent Bar from yesterday seems to be at the end.

Signals about that are acceleration, going up and down, the new Bearish Divergent Bar formed previous session.

If last Divergent Bar turns out into a down move, it is possible to get a Head & Shoulders formation.

Tighten stops and place stop orders accordingly waiting market to decide which direction will go.

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