$FXS
I see two massive players battling it out on FXS right now, and one is about to give up...
Look at this range. FXS is stuck between $1.26 and $1.37. It tried to break out to the upside and got smacked right back down.
That big red candle from $1.37 was profit-taking, pure and simple.
We're consolidating right now, right in the middle around $1.289. It's choppy and messy.
This kind of chart usually sets up for a big move once one of those boundaries breaks.
If we break above $1.32 on some good volume, that's a bullish signal to re-test the high.
If we drop and lose the $1.26 supp