Hey traders!

Today we saw another strong uptrend. During the overnight session prices moved sideways within overnight highs and lows.

Then, at the opening bell, we saw a breakout of the range to the lower side and quickly after that a complete reversal and bigger uptrend formed.

Notice how the EMA provides some strong support so if you waited for prices to come back to the EMA and KEP you had some good long opportunities.

There is a very tiny overshoot of that uptrend and shortly after that we saw a break of the channel. Right now, prices figuring out where to go next. We could see another retest of the highs as prices dropped below the EMA but didn’t stay there for long.

Hope you had a good trading day.