Cable Update (GBPUSD)

Quoting Sang.Real

Disliked

{quote} Thank you for the info. I'm still newbie, haven't learn about Weekends Gap yet. Still learning basic price structure from YouTube. Anyway, WHY do weekend GAP need to be filled. Does it need to be filled the same week or the same month or the same year. Can price goes 500 pips away from the GAP and come back to filled it later ( in months or years). Just a curios Newbie, seeking knowledge. Thanks

Ignored

Quoting Rgentm

Disliked

{quote} I wonder where do people get the idea that the gap has to fill? It may never happen, let alone decades

Ignored

Quoting pinguin

Disliked

{quote} IMO, from my personal perspective, gap like the missing link (because some issue that make it happen). of course it could move 500pips away before it goes back to fill it. how long it'll filled ?? no one knows, but for me, i would combine with the other confluence to predict how the price will react . and for my personal setup imo price would goes to 61.8% fib . {image}

Ignored

Quoting Sang.Real

Disliked

{quote} Thank you for your reply and view . As newbie , I appreciate the open discussion in this thread. From my observation (as newbie) I don't think these weekend gaps are true gaps like the ones you can see during news and other low liquidity times. The truth is that while interbank market is opened 24/7, most brokers are closing for the weekend, so you will not get the whole picture from their graphs. Oanda stays opened during the weekend, so you can get the idea about what usually happens - usually there is no trading from Friday night to Sunday...

Ignored

Quoting Sang.Real

Disliked

{quote} GU Adding one more scalping position. {image}

Ignored

Quoting Moty

Disliked

Price is in a zone from yesterday afternoon Waiting for the breakout {image}

Ignored

Quoting JayBag

Disliked

{quote} This also baffles me.. Majority are on that 'the gap will fill' and that worries me. Well, I guess each to he's own.. SS

Ignored

Quoting pipfarm

Disliked

{quote} Its not so much about the gap has to be filled, eventually all gaps are filled, it is more the position of the current gap is inline with how price behaves after a break of support to the upside so price will naturally come back to test the break, just so happens on this occasion there was a weekend gap where price needs to go to create its structure.

Ignored

Quoting JayBag

Disliked

{quote} Just like EU gap that took 3 years to fill.. That was also classified as a BO that needed retest.

Ignored

Quoting pipfarm

Disliked

{quote} What date was this gap, i would like to check it out?

Ignored

Quoting gespiri

Disliked

Fack, I though everyone was talking about this gap..... https://www.google.com/search?q=thig...w=1920&bih=975 Where is my head nowadays?.......must be a middle-age thing....

Ignored

Quoting JayBag

Disliked

{quote} Just like EU gap that took 3 years to fill.. That was also classified as a BO that needed retest.

Ignored