Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish
The market is testing a major horizontal structure 90.996.
Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 level soon.
P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
トレード終了: 利益確定目標に到達
That was an excellent trade and the target was reached too!