Possible trend change in Atlas Copco as you can see at the bullish divergence in MACD and RSI. But it depends much on the company’s future and for Atlas Copco that is hard to predict.
Strong bullish divergence in GBPUSD opening for recovery to 1.46
Playbook into the spring equinox in the 3rd week of march.
In my GBPUSD scenario, I see a small drop from recent upward momentum as the perfect
opportunity to enter LONG as a strong divergence and RSI on its path into 50+ can drive
the pair up towards april 2015 monthly low around 1.46.
On its...
Cable is in a very strong downtrend with a extreme low at target of 1.3835 (confluence of a 5th wave extension + 2 fib extensions of swing highs and lows.
At the same time we have bullish RSI divergence appearing on H3, H4 and H8 charts. With this in mind, longs target;
- TP1 1.4030 3:1 reward risk (1:1 risk reward from current levels)
- TP2 1.4250 6.8:1...
We have what looks like a double bottom here. I entered this trade at 1.2762 but forgot to share, but there is still room to enter.
RSI shows bullish divergence below the oversold point, which is a strong signal. My initial profit target is based on structure.
We all know from recent news that ENGINERSIN is oversubscribed by more than twice with Government's recent disinvestment plan. This is Fundamental News,Lets see how we are going to convert this fundamental news into a Valid Buying Opportunity with Technical Analysis.
Article Here : www.thehindubusinessline.com
1) Bullish Cypher Pattern completion
2) Double...
A very good opportunity for buying ACC which also offers a very good risk:reward of morethan 1:2
Also note that it has formed a double bottom very recently around the fib extensions of 1.618 along with Bullish Divergence in RSI. As these gives out enough reasons for going long I will be looking forward to Buy these in coming days.
Check your trade plan and...
EURCAD has entered the PRZ of three confluent bullish harmonic patterns within a tight PRZ and fib cluster. The .382 Gartley and Shark target aligns precisely with the new weekly pivot and the .618CD target for the bullish crab. To add to bullish bias, divergence has been printed on both the RSI and MACD oscillators. Entry is placed at the center of the PRZ with...
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)...
The overall downtrend is still intact. However market has bounced off key support zone around 1.5900.
RSI is showing a bullish divergence.
Will be looking for buying opportunities next week if market managed to break and close above 1.6200.
The dilemma goes ... to short Gold or not?
On the one hand, it has created new lower lows and lowers highs keeping the downtrend intact and offering a few but new shorting opportunities. Currently it has retested the ~1276 area and bounced off the 10 ema with a bearish close below. The session has been dominated by sellers but does this hold to continue sinking...
