GBP/JPY - Be mindful of market gap

FX:GBPJPY   British Pound / Japanese Yen
78 3
Generally, gaps in price (whether actual gaps or liquidity gaps) get filled after some time. If the market doesn't go and fill them immediately, I like to wait for highs or lows to be taken. Once stops are taken, the gap should be ready to be filled. TIME does play a factor as with most, if not all analysis.

Looking for a swing of 50+ pips at the moment. If highs get swept and we see price fall lower, I will wait for a potential retracement and enter for a short down to the gap "fill".

Always keep your risk management in check!

Short failure? Jeez. Why dont u trade the opposite way you must be loosing loads
JonathonFlood Tradingsniper
@Tradingsniper, Learn to read and then read my comment posted on this idea.
JonathonFlood Tradingsniper
@Tradingsniper, by the way, the gap just filled. Cheers
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