Hey traders!

Today we saw neutral price action during the opening. See the yellow range and how prices stayed within that range in the morning. There were a couple of smaller trends within the range. Even though it was a neutral day so far there were quite some trading possibilities. Just now prices formed the grey downtrend and broke the overnight lows. Also, the channel got broken and retested already. The bias is still bearish. We will see a retest of the breakout area out of the range at the overnight lows.

Hope you had a good trading day.