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AnarUn
Jun 21, 2019 4:07 AM

DJI review  

US Wall St 30OANDA

Description

As my main profession is an analyst, I try to combine technical with fundamental. Here is a mistake I made and I learn from it. After a double top pattern, the price collapsed around -7%. Then, it quickly recovered, as the FED implied that it might cut interest rate to boost the economy. The price created the channel and consolidated. When Draghi stated, it might cut its interest rate, DOW rallied around +1.8% and broke the channel. According to my technical analysis, I should have longed it, as the channel was broken and retesting it. Instead, I shorted, as I believed, the price would collapse due to the FED decision.Because it was the main reason why the price recovered. Yet, it increased around +1.3% and currently checking its previous high. Sometimes, fundamental analysis works, but not all the time, so as technical.
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