Get started
AbdorhmanThi

USDCAD: Gap

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AbdorhmanThi  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis USDCAD canadian DJ FXCM Index
3
0
trendanalysis chartpattern waveanalysis usdcad canadian usdollar
USDCAD opened the week with a gap. This is an indication of more downside, especially since we saw a good respect of new resistance on the opening of the week. Ideally, we would like to see the gap to be filled before moving lower. I am currently long for first target and will be looking to short at 2nd target.

What are your thought?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.