One of the ongoing questions facing traders is whether the spot value of a currency pair sufficiently prices in information. Technical traders base their strategies and tactics on the premise that the price and its patterns are all you need to know to shape winning trading strategies. Fundamental traders reject this construction and argue that a chart is only one layer of many. Prices, in the fundamental school of thought are viewed as a signature of expectations and emotions. That is why surprise moves the markets. Price patterns become psychological signatures and shift when the balance of expectations shifts.
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