Is there any significant to tell there will a change takes place from down trend into up ones. The answer simply is YES....indeed ..but how?!!!
Let's start with indicators ,
1-Stoch. as shown has been reached the over bought area 2 times during 2 months(Oct 2015,DEC2015,Red Circles) .Is that means something..YES specially when we see the Stoch never reach this area since 6-2014 (over 18 months) which showing and means A strength and buyer power has takes a place.VERY Important.
2-MACD give a buy signal in Negative area and right now works and move to Positive ones which tell that the momentum and trend increase towards positive area ,sound is very good and that confirm the signal comes form Stoch Ind.
***** THE TREND*****
Is the most important thing. A bottom labeled with No.1,A Peak Labeled No.2 same time works as a conformation to go Long indeed. Higher low Labeled No3. Higher low is a good start signal to tell you that maybe the Trend will convert from Down trend to Up ones, all we need right now is a good Bar with a good volume violate The Labeled Top (No.2),
*My Opinion**
Buy indeed and increase the position after conformation occurred . Target 0.69613 and most important target at 0.7139. ,Stop Loss below the Bottom No.3 **GL**
Let's start with indicators ,
1-Stoch. as shown has been reached the over bought area 2 times during 2 months(Oct 2015,DEC2015,Red Circles) .Is that means something..YES specially when we see the Stoch never reach this area since 6-2014 (over 18 months) which showing and means A strength and buyer power has takes a place.VERY Important.
2-MACD give a buy signal in Negative area and right now works and move to Positive ones which tell that the momentum and trend increase towards positive area ,sound is very good and that confirm the signal comes form Stoch Ind.
***** THE TREND*****
Is the most important thing. A bottom labeled with No.1,A Peak Labeled No.2 same time works as a conformation to go Long indeed. Higher low Labeled No3. Higher low is a good start signal to tell you that maybe the Trend will convert from Down trend to Up ones, all we need right now is a good Bar with a good volume violate The Labeled Top (No.2),
*My Opinion**
Buy indeed and increase the position after conformation occurred . Target 0.69613 and most important target at 0.7139. ,Stop Loss below the Bottom No.3 **GL**