FXS level trading
My second pick of the week is FXS.
Prices form interesting levels to trade.
We can see an Engulfing candle pattern (with two candles of two passed weeks), indicating that the correction is done for FXS. This correction is linked to the break-out the lower range $4-$7.5
After retesting the support of the new range ($7.5), it starts to bounce to the next resistances.
