In my opinion fundamentals respect the technicals before going to the intended direction.
This way, you don't have to rush into a trade you're uncertain of just because you think you'll get left behind.
Price just speeds up in the exploration of S/R lines so the true market reaction from an announcement could be delayed for hours or days.
I wanted to do NZDUSD as they have similar S/R line patterns but different structures. NZDUSD is trickier to count when it comes to EW. If you can count it, then by all means post it as comment below so I can also check your ideas.
Here's my draft...it's not pretty
Correlation note: If NZDUSD moves up and USDJPY moves up, the move up with NZDJPY will be a BEAST.
USDJPY is already up and have repeatedly defied my forecast of presumed A and B correction setups.
This way, you don't have to rush into a trade you're uncertain of just because you think you'll get left behind.
Price just speeds up in the exploration of S/R lines so the true market reaction from an announcement could be delayed for hours or days.
I wanted to do NZDUSD as they have similar S/R line patterns but different structures. NZDUSD is trickier to count when it comes to EW. If you can count it, then by all means post it as comment below so I can also check your ideas.
Here's my draft...it's not pretty
Correlation note: If NZDUSD moves up and USDJPY moves up, the move up with NZDJPY will be a BEAST.
USDJPY is already up and have repeatedly defied my forecast of presumed A and B correction setups.
