The news could have the opposite effect too so I guess we're both going to be watching the chart at that time when news is released. What is your forex news source?
Well pennies and all..A/U is still on my dont trade list after all these hours..no sign of weakness yet..it definitely is technically poised for a downturn with so many lines coming into play at same area but gotta set a top it cant penetrate first...then consolidate..then start breaking south..shheeeesh...gonna take a while I guess.Missed out on another 70 pips of gain but if I had to do it again I would have still closed at that daily 61.8.Still theres been no market signals such as a pinbar....still trading near top of H4 candle..still this and still that!I feel naked without a position somewhere so guess I need to look around and see if something else looks appealing til I can get back to work on A/U.BTW with the bullish turn so strong and fundamentals improving I will now find it hard to short the danged thing so might as well just put it on back burner and find another pot to stir(LOL)
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