DislikedDaily candle More than 120 pip down really will NY accept it and will push it down 50 pip more and more without any correction?!!! It is possible but reason must be something huge like nuclear……Ignored
Shorts unloaded last Friday 2022, Longs booked. Now we need to build fresh Liquidity, markets are low volume, everyone sidelines and waits for Japan (literaly) to say something meaningful about their future policy.
It's the first week of the new year, calender is pretty quiet until Thursday (PMI) and Friday (NFP).
Until then, we stay directionless, testing waters on both sides.
Don't think a 100pip up/down is meaningful. It's nothing. Daily hovers around meanprice (20 Day MA) and that's it.
Still good for scalping intraday. Stophunting ftw
you are not expected to understand this
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