Recent clear example in eur usd H1:
at the end we see candle suddely moving up, and next hour suddenly moving down, I assume to normal position of the trend.
There was news today at 15:30 vilnius time:
Core PCE Price Index m/m
Personal Spending m/m
Personal Income m/m
and according to forex factory - the results were bad for USD. Ok, eur rised.
But are they clicking buy button not even looking at the price after read/head the new?
It makes sense that price moved down because it was too sudden. And I later bought at lower price on demo - at 1.09091. I just set buy limit.
Or is it profitable in the long run to buy even when the price is so suddenly up and hope that it will continue at that new angle?
I do not get it
At the time of writing it changed from the big candle down to the hanging man candle. But does not matter. What matters is that price imo too suddenly moved up and so it had to suddenly move down.
at the end we see candle suddely moving up, and next hour suddenly moving down, I assume to normal position of the trend.
There was news today at 15:30 vilnius time:
Core PCE Price Index m/m
Personal Spending m/m
Personal Income m/m
and according to forex factory - the results were bad for USD. Ok, eur rised.
But are they clicking buy button not even looking at the price after read/head the new?
It makes sense that price moved down because it was too sudden. And I later bought at lower price on demo - at 1.09091. I just set buy limit.
Or is it profitable in the long run to buy even when the price is so suddenly up and hope that it will continue at that new angle?
I do not get it
At the time of writing it changed from the big candle down to the hanging man candle. But does not matter. What matters is that price imo too suddenly moved up and so it had to suddenly move down.
