Gaps - Ups and Downs

Mar 08, 2014 at 14:52
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2 Replies
Igor123472
forex_trader_75987
Membro Desde May 02, 2012   117 posts
Mar 08, 2014 at 14:52
Hello, Everyone,

EURUSD has been bullish lately targeting 1,39 , but for this next week I am expecting a Gap Down due weak China Trade balance.

What do you expect?

A new support before to buy it again?

Cheers!
ivanyo
forex_trader_179249
Membro Desde Mar 01, 2014   3 posts
Mar 09, 2014 at 07:46
If the gap remains and price doesn't trade to cover it, it can act as a support/resistance area.

However, just be careful when dealing with gaps and trading around the weekend. I made a video on it here.

Membro Desde Apr 11, 2014   10 posts
Apr 11, 2014 at 08:49
I always watch for an expected big news on market and try to analyse that information.
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