Gaps Trading Forex
The forex gap trading strategy is an interesting price action trading system that is based on a phenomenon known as the forex gap. this gap trading strategy is based on the daily timeframe and you don’t need any forex indicators for this. if you don’t know what a forex gap is, i will also explain it here. what is a forex gap? a forex gap happens when the opening price of candlestick is not the same as the close of the previous candlestick. Gaps can occur in both the upward and downward direction. unlike the stock markets, the forex market operates 24 hours a day, 5 days a week. it is usually during the weekend that such gaps can be seen. when the market opens on monday, it is seen that prices have jumped up or down, from the closing price on friday. Weekend gap trading is a popular strategy with foreign exchange, or forex, traders. while technically open around the clock, forex trading closes on friday afternoon and doesn’t reopen until. Gaps can be important in trading because there i...