Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.
Click on the video to watch the full breakdown
Gaps in the market can be a scary thing. But there are two sides to that coin:
You can capitalise on gaps, if:
(1) You understand how they work, and
(2) You have a clear directional bias
So let’s go through both.
Firstly, the war that’s broken out in the Middle East makes the gaps we see this week an unsurprising event. The gaps create a price void, stop out many traders and confuse the rest. There’s initial adjustment, but eventually they fill in. Knowing that, you can make use of the gap filling in.
Secondly, if the direction is clear for you, a gap shouldn’t throw you off because it simply acts as a pullback or an anomaly in price. As long as your invalidation points aren’t hit, the bias still stands. Simply wait for cleaner price action, back in the direction of bias, and continue on that trend.
With these points in mind, it makes it clearer how to approach the markets this week.
Monday has already produced some momentum movements and printed candles that can be traded from.
All are working out as analysed. Details in the video.
Whichever chart you choose this week, keep in mind the higher timeframe, because some of the analysis this week – particularly USD-based pairs – is geared towards retracement opportunities. With the war and the news this week, risk management is key. But then, when has it ever not been….
In this video we go over these opportunities for the week:
Written by: Dima Mihailovich, Technical Analyst for Forex Prop News
Contact and follow Dima on Twitter: @dimafpn
(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the associated risk.)