Hey traders!

Today has been a very short trading day because markets closed early in preparation for tomorrow’s Independence Day holiday.

Prices moved within the yellow range the whole day. We had a few smaller trends within that range working lower and higher. One important price action rule is that most breakouts out of ranges fail on the first try. That happened today and if you saw that you found some good trading opportunities.

Prices formed the green uptrend but this trend broke and prices made a new high and stayed inside the range.

All in all a quiet day.

Hope you had a good trading day and a great holiday tomorrow!