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As you saw the bullish scenario was fully completed.
Then we saw an overbought RSI indicator before the price fall. Now RSI become oversold and the next move is possibly a correction to 19500.
This picture shows us why traders should be careful before the news upcome.
P.S.
In the analysis of the instrument, I do not adhere to time frames, the reaction in the instrument may occur sooner or later. It is important to understand the price movement in response to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, this material is not a trade recommendation)))
As you saw the bullish scenario was fully completed.
Then we saw an overbought RSI indicator before the price fall. Now RSI become oversold and the next move is possibly a correction to 19500.
This picture shows us why traders should be careful before the news upcome.
P.S.
In the analysis of the instrument, I do not adhere to time frames, the reaction in the instrument may occur sooner or later. It is important to understand the price movement in response to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, this material is not a trade recommendation)))
Comment:
We can see how it works)
