Hey traders!
Prices trended higher strongly overnight and then corrected the same way down. At the opening, we saw a correction and the blue downtrend forming. From there a range day character. Prices had no clear direction and moved higher and lower all the time. No clear bias so it was okay to trade the shorter-term channels and both directions. Prices stay between the overnight highs and lows so it can be described as a range day. In today’s bar-by-bar trading analysis, I pointed out interesting setups and showed the difficulties of the trading day.
Hope you had a good trading week and speak to you next week.