Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is approaching a key horizontal level 0.855.
Considering the today's price action, probabilities will be high to see a movement to 0.856.
P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Trade closed: target reached
That was an excellent trade and the target was reached too!
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