An overbought BEARISH bias is applicable below 58962.
Trade setup probability: -85%. Target: 58256. Stop-loss: 59326.
Downside price momentum supports the bearish trend direction. RSI is at 79 (extremely overbought).
High probability trading is a good starting point but you must also consider some other important metrics to help maximize your profitability.
A higher positive probability percentage supports a bullish trade setup, whereas a higher negative percentage supports a bearish trade setup.
Trade setup probability: -85%. Target: 58256. Stop-loss: 59326.
Downside price momentum supports the bearish trend direction. RSI is at 79 (extremely overbought).
High probability trading is a good starting point but you must also consider some other important metrics to help maximize your profitability.
A higher positive probability percentage supports a bullish trade setup, whereas a higher negative percentage supports a bearish trade setup.
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