The 4-hour oversold and Federal Reserve delay in reducing interest rates and good CPI and NFP data can be the next target at 1.033, which is the AB=CD pattern.
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I wrote overbought wrongly as oversold. In the 4-hour time frame and with the help of the stochastic indicator, this issue can be recognized. I use the settings of 50 and the levels of 20 and 80, which have worked great so far. Good luck.
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