Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The price is testing a key support 100.719.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 101.379 level.
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!
บันทึกช่วยจำ
Great beginning for a trade, let’s hope it goes further!