In this #shorts video, you'll see how to find the right overbought/oversold zones using price action in trading.

Overbought and oversold are the zones in some Oscillators such as RSI or Stochastic in which the price is supposed to reverse as a result of being too expensive or too inexpensive.

However, since these indicators have static periods; when the price is in a strong trend, they get confused and start to give you false signals.

One of the best ways to avoid falling into this trap is to use price action which is the real blueprint on trading charts. You can draw channels to determine dynamic overbought and oversold zones.
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Watch the video about drawing channels from here:
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If you want to see more short videos about trading, check out this playlist:
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Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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