Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish
The market is approaching a key horizontal level 0.818.
Considering the today's price action, probabilities will be high to see a movement to 0.814.
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!