joadmorales
Short

EurNzd Gap trading

FX:EURNZD   Euro / New Zealand Dollar
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So as you can see there was a Gap form between 1.6529 and 1.66039 that hasn’t closed yet and we had a buy @1.65881 that we already took profit when it went back to created a double top ,Gap can easily be traded buy first looking for the area in which the pair would less like cross which for this example would be the last highest consolidation area of 1.68091 so we would want to place a sell 20 pips near it which we place during the second double top at 1.67583 and we will make sure to secure profit as soon as it goes 10 pips down by moving Stop loss into profit so that way if it reverses to create a triple top we can get in again for a better entry. Rite now its at 1.66630 so we took profit now we are waiting on another retrasement or for the gap to be closed
Comment: Another Sell was placed at 1.67563 and hit take profit 1 at 1.66903, So now we are either looking for a retrasment again to put another sell or it will close the Gap and we will closed our first Sell, And we took profit on the buy we had sense last Thursday during the second double top at 1.67521
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