$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 support, we're likely heading lower to test the next major floor.
​Which way do you think this boring consolidation is going to break?

#FXS #GateLatestProofOfReservesReportComing