Gold Entry Technique - Released News

The trading strategy for news is certainly different from other strategies because the market situation is going wild under the influence of news releases. The market becomes too difficult to predict when several economic events are taking place, including some news that has a direct effect on the market.

High-impact news releases are often accompanied by volatility, one of the things forex traders are interested in making big profits as quickly as possible. In less than 1 hour, the price can move hundreds of pips. While the potential gains are enormous, the risks of losing are also terrifying.

News releases generally affect market sentiment quickly, especially if the news release is related to the state of a country's economy (GDP report, report on jobless claims, to changes in central bank rates). If observed, there will usually be a tug-of-war between buyers and sellers some time before the release of the news. This condition will be indicated by the formation of a doji candlestick whose tail and head are almost the same length on the hourly timeframe (H1, H4).

Once the news release establishes the score (it can be negative or positive), the market responds quickly. If the score is positive, usually the seller will immediately leave the market, so the price will immediately skyrocket. Conversely, if the score is negative, buyers will lose momentum to maintain their position, so that the market is controlled by sellers.

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