Pre-market Chart

Good morning traders!

Hope you had a great Christmas holiday. Checking the charts today I can see prices moving within a bigger range and now testing the support of the range. There was a downtrend working lower, prices broke the channel and retested the lows. Since most breakouts fail we could see a retest of prices of the breakout area or even back inside the range.

My bias is neutral to downwards. Look for bigger structures and channels that potentially work lower.

Good trades to you.