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Looking at the 5 minute chart below, the price has corrected to a intraday resistance area defined by the 38. That abcd indicator registers together with monitors that abcd harmonic trend relating to the. I guess some losses even few done with this system are those where the price overshots the bollinger bands but also breakouts from the pivot points. How to profit and make money trading forex with bband stop. It was developed in the 80s by john bollinger to trade in the stock market.
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