USDSGD is testing key level. Let’s see how it develops from here.

by Gav 3 Comments
I have stopped posting my trade long time ago for various reasons. Anyway, I thought I might throw in an example today to show how I trade gap. In fact, I am not really sure if �I can call this a gap fill strategy, as it is basically a simple support/resistance trade. After all, everything comes back to your level. Define your level, and plan a trade around that. That’s what I am doing.
Here is 5-minute chart of AUDJPY. �There were quite a number of FX pairs with Sunday gaps this week, I picked this pair as it was showing me the cleanest setup at the time I was back to my workstation. I waited for the pair to retest the 5-min level, and put the target at the gap opening , the end result gave me slightly more than 2R.
Another very late weekend charting from me. Here are some charts with levels I am watching for the coming week. Ignore the arrows. The key is to be aware of the key levels, and plan your trade.
USDCAD H4
NZDUSD H4
GBPUSD H4
EURUSD H4
AUDUSD H4
AUDNZD H4
EURGBP H4
EURJPY H4