Trading Monday Opening Gap

This morning the EUR/USD opened with a 30 pip upward gap to the Fri close. I went short as in most cases the gap gets closed in the first few hours. Also the Dow closed negative on Fri which supports a stronger USD in the current environment.

The trade worked out nicely. My TP of 60 pips was hit. Of cause the EUR/USD fell another 60, but thats a different story :slight_smile:

From this?

from this

to this

to this

Why didn’t you ride it up first and then down?

Nice, seems similar to Larry Williams Oops strategy.