With the beginning of this week’s trading, the EUR/USD pair succeeded in rebounding higher, reaching the 1.1332 resistance, after the recent downward corrections that pushed the pair towards the 1.121
Main scenario: consider long positions above the level of 140.35 with a target of 146.00 – 148.00 once a correction has formed. Alternative scenario: breakout and consolidation below the level of 140.
Gap trading A gap is when a 'gap' or a 'space' is seen on a price chart. For example, look at the chart below and you can see that there is an empty space where
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