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Are weekly forex gaps going to be new trend?

Forex gaps used to be rare. Seeing them at the open of a week two weeks in a row is amazing. Last week, GBP crosses gapped down following ‘Yes’ lead in Scots poll.

Are high impact news catching markets unprepared these days or are markets becoming complacent?

AUDUSD 29-pip gap

AUDUSD M15 chart

EURAUD 56-pip gap

EURAUD M15 chart

DJ30 46-point gap

DJ30 M15 chart

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Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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2 thoughts on “Are weekly forex gaps going to be new trend?”

  1. Shao Guoyong says:

    With gaps becoming more common, can we capitalize on future gap close as part of traps and continue to play out WRMB /1234 setups?

    1. Soh Tiong Hum says:

      I am going to take a look at last week’s gaps in the GBP crosses as well as the gaps in majors a few weeks back. Will write about what I think once I am done.

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