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glennmercer

Long EURGBP on Knoxville Divergence and Bullish Bat

Long
Euro / British Pound (FX:EURGBP)  
glennmercer  
FX:EURGBP   Euro / British Pound
Divergence knoxvilledivergence Bullish Divergence Bullish Bat Bat Relative Strength Index (RSI) Momentum Indicator (MOM)
3
0
divergence knoxvilledivergence bullishdivergence bullishbat batpattern relativestrengthindex momentum
A potential long opportunity has presented itself in EURGBP after a Bullish Bat pattern has been completed. Bullish Knoxville divergence has also been printed at the completion point, providing another indication of a potential move upward. Targets and details on chart.

Knoxville Divergence:
The presence of significant Momentum (20) divergence while RSI (21) is overextended at any point during the divergence period.

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