Technical vs fundamental analysis, which should i prioritize?
Sometimes I get conflicting signals from what the chart is showing vs what the news is saying. Example if the news said there was a war in Europe, I would naturally expect the Euro to weaken right? Yeah, but what if on the charts the Euro is rather strengthening and EUR/USD price is rising should I go ahead and buy?
You just hit the nail on the head, I was just pondering over the same dilemma
For me, it depends on your trading style whether short term trader (day trader) or long term trader (swing trader). If I am day trading, I will give priority to the technicals cos I want short term profits. However, if i am swing trading I will give prioority to fundamentals
For me, I always want both to confirm each other, just like Dows theory said Indices should confirm each other.
Personally, I prioritize technicals. I’m not so good at fundamentals. Well, based on experience technicals can make you a profitable trader. There’s no crime in mastering both though.