Can anyone tell me what happened here?
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Usually when there are big and sudden variation it is due to news
Inflation isn’t as bad as expected
How is the volume Large and green and the price candlestick is red? Makes no sense. Large green volume means more buying pressure went in then. Which means price should have gone up
Seems like downtrend started
Check forex factory before trading. On days like this I’ll exit my positions or have my sl at breakeven leading up to news because this kind of volatility can be expected
https://www.forexfactory.com/calendar
CPI data
Candle stick fatigue.
C P I
I don’t trade 1 min chart but I was looking at 15 min and it switched over to the next candle and started with this dip. I had a few lots of usdjpy short so I made a bit of money. Im happy to take profits but this isn’t my “strategy at work” lol
Thanks
Just banks doing their jobs?