A bit of a gamble to be honest, but there's enough evidence from this year to support a gap down this weekend. I labeled all the previous gaps this year and why I think they happened. I've put a very small position on a short gap down since I believe our support from this week's trend down is around 112.450. If it pays off, I'm closing it as soon as market opens because I believe we are very close to a rebound on a longer term up trend for the US dollar. On the other hand, if we see a gap up, it would be a strong signal of the down trend finding a a bottom, I'd wait to see if it closes the gap and close position, while at the same time I would look for a long entry.
ความคิดเห็น
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keep finding reasons..
การซื้อขายยังคงดำเนินอยู่
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Well that was disappointing. First weekend in the year we don't see a gap... signs of lots of indecision? We'll see. trade still open looking for that bottom.
ปิดการเทรด ด้วยตนเอง
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we did not reach that fibonacci level. Entered long on break out.
I've gone long as well back at 112.836, so far so good
darkmobility
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great analysis! can i ask about your stop loss?
iSummer
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@darkmobility, depends on how much risk you are taking on the position and how much risk you are whiling to tolerate. Low risk 112.034; higher risk above 113.01.Again, I have a very small position in it, so I'm probably whiling to tolerate until above 113.01. I'm allso watching for price action (candle signals) at opening to see it's intention and making a decision then.
MtxTrader
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Yeah, that's what I've been saying for about 2 weeks now, still waiting for that gap to be closed. Damn those fundamentals.