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In Forex Trading, the open price of a new period is usually the same as the close price of the preceding period. If the new period opens at a price significantly different (higher or lower), this gives to a 'Gap' scenario. This suggests an imbalance in the price action. There are two types of 'Gap' scenarios 'Gap Up' - this is where the open price of the new period is significantly higher than close price of the preceding period. Price will tend to move lower, thereby presenting selling opportunities 'Gap Down' - this is where the open price of the new period is significantly lower than close price of the preceding period. Price will tend to move higher, thereby presenting buying opportunities The 5TT Gap System makes it easy for the trader to pick out these opportunities when they happen. The indicator provides the following features
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FX trading requires thoughtful analysis and forecasting. Our approach is rooted in examining price action, macro economic trends and quantitative analysis to see what others may miss. We dont trade for entertainment; we trade to grow our portfolios. Its as simple as that.
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MyFXHub provides a Signal service for forex trading and commodities along with free trading tools and market analysis. We pride ourselfs on maintaining excellent customer service and high levels of transparency with 24/5 live support.
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