I know I just said I was going to exit my position immediately on GBPUSD. But, today we have found ourselves a remarkable gap trade opportunity.
So those who don't know, when the market for currencies (and to an extent indices) opens, there is often discontinuation in the candlesticks. More often than not, this reverts back to the point where the gap opened.
The other thing which interested me about this open was the incredibly low volume and subsequently, the massive spread which exists in the market - nearly 20 pips between the buy and sell price! This is something I've not noticed before. But, it does make me more confident that this gap is going to close.
Anyway, I'm staying in this market to see if we can close the gap, and at least until volume returns.
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