Disliked{quote} Fundamental reason: Brexit optimism boosts GBP. Ongoing DXY weakness, especially after yesterday's dovish Fed Powell press conference pressures USD. Plus "risk on" moves money from safe heavens (which USD is too) into risk assets. TA cannot tell you this. TAs are drawing lines, rectangles, waves, looking at indicators, while hoping that it works out. That's not peace of mind, that's gambling. Hoping that your bet is turning into a winner. The market moves after fundamental things have changed. The market always moves (except in times of...Ignored
You said something very profound and I have to agree. There are indeed many ways to skin a cat. However, I still don't think solely depending on FA will do the trick at all. But you clearly stated that you approach the market using FA and TA works for you. For me, I always ended up having conflicting signals/ideas.. I only saw breakthrough spending more time on TA then progressing to advance TA and I have never looked back till date.
I will always like to think that FA is nothing but FUEL. From my limited experience, I have seen many moves where price respected TA to the pip while there was some news release (Spikes included)..
On the FA side, I have seen many times where numbers are released for lets say the $.. We all can see it's green/good for the dollar but price will still zoom to the opposite direction. I will like to believe you have experienced this before?
I guess it depends on the experience be it TA or FA (Experience always makes the difference)
1
If you are subscribed to a realtime squawk and hear that UK PM Johnson says they are "walking away from Brexit negotiations and prefer a no-deal", you know the only direction GBP can go is "down".