Hi, I have recently come across an interesting way to trade the forex news before the announcement takes place. It involves viewing the currency before the release and observing which direction it is going. IE. if currency is going up then news release will reverse it. I am looking for more information regarding this. Can anyone assist?
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It’s true based on my observation as well
But sometimes it won’t reverse and keep going in the same direction though that’s a rarely happen it can only occur in one in 12 times
Would it be possible to get into contact with you so we can discuss further? So far no one I have met knows or understands this. I believe its proprietary knowledge
Sometimes it reverses, but sometimes it continues. If it reverses, the move will probably cover more pips than a typical continuation.
But are there statistics on these things?