Hello, i would really appreciate if anyone can clear out some… or many my confusions regarding the fundamental analysis.
So here’s the thing after identifying trends or reversal patterns with technical aspects, what fundamentals do i need to back that tech analysis to stay in trade for few days?
Lets say 1st first look out for global news for risk on/off factor
2nd i compare the gdp and interest rates of the pair i’m trading
3rd cftc?
4th stock index of pairs
5th sentiments based on news
6th bond yield?
7th Economic/business cycle?
I mean i dont want holy grail i know one can never be 100% right and never in this market but let’s say i see trend i open a position for few days but the price was actually going to the supply or demand zone to go faster on the opposite direction based on fundamental, i mean what the least one can do in this scenario to have directional bias and look for correct supply and demand zones based on fundamentals?
Thank you for your time!