Hi Trader,
Area to watch as the market is testing a demand zone that hold the market once and it looks like the price is looking for area to find more liquidity (pushing trough the orders area). The RSI entered in its oversold condition.
Please note that the Daily chart is also showing a nice pin bar, this add some confident but I will be very carreful as the overall trend is bearish.
Happy trading
Area to watch as the market is testing a demand zone that hold the market once and it looks like the price is looking for area to find more liquidity (pushing trough the orders area). The RSI entered in its oversold condition.
Please note that the Daily chart is also showing a nice pin bar, this add some confident but I will be very carreful as the overall trend is bearish.
Happy trading