What is the effect of price movement in a higher time frame when several daily fundamental announcements are released? how can it be compared with how it affects the lower time frame?
Usually during major fundamentals move the market due to massive dumping and buying by institutions. Whenever you see unusually long candles on higher TF( D1 and H4) more likely than not we have a gap on the lower time frames. long tailed candles on higher TFs indicate that there was both massive buying and selling during the news release and this is reflected as a mix between bullish and bearish candles on the lower TFs usually of equal height.