Bar by Bar Trading Day Analysis

Hey traders!

During the overnight price action we saw a downtrend working lower. Then, at the opening, prices pushed higher and formed two uptrend channels and moved prices to the level of yesterday’s close. Then we saw a range character where prices formed smaller up- and downtrends but with no clear direction anymore. Finally, we got some great setups today while the last days were a game of patience and waiting. In today’s bar-by-bar I am discussing some nice setups. Have a look and check them out.

Hope you had a good trading week and I wish you a great weekend.