Pre-market Chart

Good morning traders!

Prices are moving within the range during the overnight and early morning price action. Just a few minutes after the opening prices made a strong breakout and sold off sharply. There is a potential that we see a retest of the breakout area, but with this strong momentum and breakout this seems to be unlikely now. The bias is down, I am looking for shorts off the KEP and EMA if the downward movement continues. Good trades to you!