Hi all,
as at now, I think the weekends GAP is now closed. In searching for answer about gap, i found this interesting statement which need you views and comments.
"When a forex gap closes, it simply means that the price goes back to the level it was before the gap. One possible reason for a closure will be that the gap may have happened because of a knee jerk reaction to an event.
"
The News was this ?
"The news that EU assistance to the Spanish banking sector in the amount of Eur100B has well exceeded estimates of most analysts, while Chinese data was not as bad as many had feared. Both of these developments have resulted in a market rally driven
Maybe senior trader would like to share experience & views.
Thank You
Gibril
as at now, I think the weekends GAP is now closed. In searching for answer about gap, i found this interesting statement which need you views and comments.
"When a forex gap closes, it simply means that the price goes back to the level it was before the gap. One possible reason for a closure will be that the gap may have happened because of a knee jerk reaction to an event.
"
The News was this ?
"The news that EU assistance to the Spanish banking sector in the amount of Eur100B has well exceeded estimates of most analysts, while Chinese data was not as bad as many had feared. Both of these developments have resulted in a market rally driven
Maybe senior trader would like to share experience & views.
Thank You
Gibril