For an example I am shorting EURGBP from .87710 and it went upto .87310 and now at .87480...........And I am biased as I am not so long term trader.......Hold my trade for at best one week........
Why I am referring this trade as I got some bad news on EUR when the pair was at .87360 but after that bad news I thought it will break its last resistance .8725 and will go down.........But in practical it is heading up and I am confused now what to do..............haha.............I am biased ............Should I use the news or not????????haha.........Yes sometimes some very good news breaks all resistances but not all the time..............
For this reason I ask them who use fundamental indicators how to use it?????????And for my bad luck it is now at .8753 haha.............
Why I am referring this trade as I got some bad news on EUR when the pair was at .87360 but after that bad news I thought it will break its last resistance .8725 and will go down.........But in practical it is heading up and I am confused now what to do..............haha.............I am biased ............Should I use the news or not????????haha.........Yes sometimes some very good news breaks all resistances but not all the time..............
For this reason I ask them who use fundamental indicators how to use it?????????And for my bad luck it is now at .8753 haha.............