monday morning gaps

G'day Folks...

Just a quick one...

One of the old regs here worded me up on a great phenomenon that can occur on the FOREX Markets each Monday Morning.

As regular FOREX traders will know, the FOREX mareket only really closes on major holidays and once a week, between Sunday night and Monday morning.

The weekly close/open is one of the few times that the FOREX market can privide us with tradeable gaps.

Being the nutter trader that I am, I am usually up at 6 on Monday mornings, hunting through the Majors on open looking for solid gaps...

I wont go into full detail about gap trading here but thought I would show you two nice examples of this exhibited on the EURUSD and AUDUSD pairs this morning.






Great way to start the week on a high probability trade...

Good trading to us all

;)