the5erstrading
Long

Waiting For The Price To Close The Gap On USDCAD 06/05/2019

FX:USDCAD   U.S. Dollar / Canadian Dollar
Like most of the USD pairs, also USDCAD has open this week with a 30 pips GAP up, usually, gaps indicate on a massive amount of unfilled orders and create a new supply or demand, in that Case USDCAD start this week with gap toward up and create new fresh demand, on the 1H chart we can see the demand level below which is the level where the price gap from, and it’s a great level for Buy position, therefore, if the price will close that gap I’ll buy at the demand below, on the 1D chart, we can see the next supply above, most likely the price tends to reach that supply, therefore, That supply will be the final target for the buy position and also a great supply for long term sell position,

We fund the top 5% traders | https://the5ers.com
Join The 5%ers Telegram # | https://t.me/the5ers_analysis
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out