The 5%ers' Blog
Waiting For The Price To Close The Gap On USDCAD
May 6, 2019 | 2:14 pm | The 5%ers' Blog
May 6, 2019 | 2:14 pm
The 5%ers' Blog

Monday 06/05/2019

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,


Follow us:
Get notified

whenever we publish a new article

Recent Posts


The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly