Mind the gap
are traditionally taken by new traders and some gurus, to mean that price will continue on balance, in the direction of the gap. In financial trading that is only true some of the time. Even if it is true, say 55% of the time, what does it mean for new traders? Nothing! Why? Because the only issue in profitability is how a new trader controls their acceptable loss (aka stop loss). The chart of GBPEUR shows an example of how gaps down can be potentially misleading.
Update: 30th March 2017 (compare with chart above).
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