Hi all,
I was wondering which time frame is most affected by news events, or are they all equally affected?
For example, when you see long trends developing over many days and over many pips do they tend to just absorb alot of the news that comes out relating to the currency, so that any price change becomes only a small blip in the overall trend.
Where as in intraday trading a news event can cause the price to completely break through a trend?
I imagine that news can cause breakouts over all time frames, but what is the norm?
Thanks.
I was wondering which time frame is most affected by news events, or are they all equally affected?
For example, when you see long trends developing over many days and over many pips do they tend to just absorb alot of the news that comes out relating to the currency, so that any price change becomes only a small blip in the overall trend.
Where as in intraday trading a news event can cause the price to completely break through a trend?
I imagine that news can cause breakouts over all time frames, but what is the norm?
Thanks.