Or rather, a more appropriate title would be how does market closing/opening affect our trades, because I am sure they do.
For instance, if a particular pair is rallying and a market is about to close, can we expect profit taking? But we can also expect shorts covering, don't we? Where does that bring us to, or just a net effect and nothing happens?
When London closes, what additional impact does it have on the GBP and/or EUR? And when Tokyo is done, what additional impact will it have on the JPY?
Just curious, hoping to hear from other fellow traders here.
For instance, if a particular pair is rallying and a market is about to close, can we expect profit taking? But we can also expect shorts covering, don't we? Where does that bring us to, or just a net effect and nothing happens?
When London closes, what additional impact does it have on the GBP and/or EUR? And when Tokyo is done, what additional impact will it have on the JPY?
Just curious, hoping to hear from other fellow traders here.