Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is on a crucial zone of demand 109.006.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 109.549 level.
P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Trade closed: target reached
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That was an excellent trade and the target was reached too!