Two Gap Trades For Monday's Open
Two more gap trades I made before the markets closed on Friday. Anyways, the general direction is bearish for both GBPUSD and EURJPY. Let's start off with GBPUSD.
The sell off started on Friday actually. Judging by the hourly time frame, the second last hour was still considered a range trade. Momentum picked up in the final hour and GBPUSD started a sell-off.