USDJPY: Daily - Neutral TP: 105.3 - 200+ Pips #Forex @TradingView
Really in an in between with this one...
On the daily we see an aggressive push downwards and we are now one the retracement period... Will it continue to the downside for the Daily's move or continue for a higher retracement?
The reversal coefficient has been set. 3rd bottom in price channel has formed, time to buy.............
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TRUL bulls hav ea line in the sand to defend after a clear daily bear break didn't get much followthrough. The tightest range on watch is the daily inside bar today but anything under 15 on the daily is just a lower high
CWEB has bounced 70% from the low and doesn't yet have a weekly higher low, I'm watching this 4hr equilibrium to tell me if weekly consolidation is underway or if the bulls are going back to test the high of the bounce so far.
Daily consolidation on MMEN is not healthy at this point, bulls are trying to find a weekly higher low above 2.51 all time low. Watching the 1hr RSI equilibrium to see if it gives any early signals for a potential intraday scalp trade.
Nice bounce from the lows but this is just an oversold bounce. High risk of headline exposure to hold this overnight now during the Health Canada investigation. Any indication that Health Canada will be cutting them a break would have an immediate bullish reaction as 'the worst' is currently being priced in.