Good morning traders!
Prices were trending lower this morning.
You can see the bigger downtrend working lower but also how prices were not able to touch the lower trend line of the channel after the opening. Mostly a sign of fading momentum. The channel broke and prices retested the lows. From here we see a bit of range character now. The bias is neutral. If we strongly reverse from here and recognize a bigger uptrend structure, we have to switch gears.
Good trades to you!