Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.868.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.866 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Trading ditutup: target tercapai:
Great news, our trade has finally paid off!
✅JOIN FREE TELEGRAM: t.me/signalsproviderfx
💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx
🌐WebSite: www.signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx
🌐WebSite: www.signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166