Hello everyone!
Today GBP/NZD has gone way down after the GDP release, which were good for the UK economy. I was short since I’m trading on the daily timeframe so no problem for me, but I was thinking that, on a positive release, GBP should have go up… Can someone explain please? Thank you very much!
Hi. I like your thinking. But You have to think on market prospective. I mean that’s how market makers trade the market. When there is accumulation of more selling orders market can not go up. Above all its not your business. It’s market makers business. We are their clients. When you buy market makers sell. So when they have more selling orders they go lower to make profit. But as a trader we only look the news and trade. It won’t work most of the time. You need to think different. 