Good morning traders!

Prices were trending higher this morning and shortly after the opening. But see how the green uptrend broke and prices quickly retested the highs. From there we saw some correction just to start another bigger uptrend. Just at the highs of this uptrend prices broke the channel but didn’t make a new extreme so we could see another test here. With the recent sell-off and the shorter-term downtrend in tact the retest could be done already as there is a very strong bearish momentum working lower now.

Hope you had a good trading day.