End of day update from us here at KOG:

Not a bad start to the week but that gap on open only gave traders an opportunity to short from the RB rather than target it following the path! We did reject, price hovered a bit which gave us less confidence in the move, however, we activated LiTE and the structure proved to be good enough to complete the short target.

Now, we're at that lower RB and price is attempting to retrace with little volume. We're going to stick with the plan due to the last RB Target being missed by 20pips and no break thus far below the 4030 level. I would like to see an undercut low here in the session ahead with the 4004 level being a key level of support for bulls.

Not much more to report traders.

As always, trade safe.

KOG