There are good news and bad news, but what if it's a neutral news? They are ways to trade all types of news and this is one of the best example. Short trade, fast profits within minutes on the 1 minute chart.
Clear Double Bottom; Less than clear triple bottom on daily chart. News released on 15:22 today caused a nice move into close. There was a low volume selloff to close at .0140 red on the day. I will be watching for a strong open and break of .0150 area on volume to break above down trend line. Or a possible weak open to wash out and test .0125 support area...
DHI is up today after housing news came out from US. There were sold 504k of nev homes compare to 442k expectatoins. Very strong upbeat. DHI was hovering around 8/21 EMA and above all key long term moving averages. It triggered long entry when price broke and closed above $23.25 resistance one month ago. Break above $24.80-$25 resistance area could attract more...
I'm waiting for prices to drop back down to the fundamental news release level, then wait for a base of buyers to build before buying at the bottom.