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Friday is rollover day for 6E. This means that IQ feed switches from the old front month contract 06-11 to the new front month contract 09-11 at the close of the session on Thursday, which is 5:00 PM EST.
The large down bar is simply the rollover gap. The June contract closed at 1.4510, the September contract closed at 1.4470, so you should see a gap of 40 pips.
It is obvious that the FOREX cash market does not show any rollover gaps.
Thank you very much Fat Tails. Learned something new here.
But #@%!! I had a nice long position at 1.4508 on the spot, but panicked when I saw the 6E drop. Thinking that maybe it was leading..... It has a nice momentum going on now.
Laurus
“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming