Trading on Weekly Gaps Can Be a Good Idea
It turns out that the price gaps that usually occur on weekends and result in a price difference between the Friday’s close and the Monday’s open not only frustrate traders with positions closing worse than stop-loss, but they also are a good source of trading opportunities. If you know how to use them, of course. The latest fundamental Forex strategy added to EarnForex.com today depicts a Forex gap trading strategy, designed to profit from those weekly price gaps. It should be used carefully and requires a rather strict timing, but using it on GBP/JPY (and some other JPY currency pairs too) can be really fruitful.