then I assume you are a long term investor, so a wick is not a big deal!! but as a day trader, it makes a lot of difference to me :) , this is a recent example of GBPUSD, actually from yesterday.
ibrar550
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@Mamou-Q o no I'm day trader, I just don't see price dropping due to the negative news from Australia....price has gone up about 40 pips further from last message
Mamou-Q
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@ibrar550, I don't say your are wrong, the opposite, i am totally bullish actually on GBP, but what happened this morning is what I meant, have u seen how GBP dropped, and still believe it will most likely drop to 1.2.
ibrar550
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make it 50 pips, Combine the maasssive bullish UK news yesterday morning with aud negative news 7 hours ago this is just raw upside
ibrar550
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@Mamou-Q o I agree gbpusd will fall to 1.2 possibly today with the FOMC minutes in 6 hour and 45 mins but gbpaud is different
Mamou-Q
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@ibrar550, is that today? :S oh good u mentioned it, need to be careful during the news hours for my funding acount
ibrar550
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@Mamou-Q yep fomc minutes is 7pm UK time so expecting some volatile movement. be careful especially with the USD pairings
Mamou-Q
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@ibrar550, thank you. last time my account was breached because I traded news!:S