Gap down and Pullback to fill it
Updated
USDCAD at critical level
After a gap down USDCAD continued to fall
But eventually, goes back to broken structure to filll the gap(1.28873-1.29142)
Now, looking at price action we can open a short position
Target levels are: 1.27424 and 1.25444 which are previous swing lows
Stop loss should be placed above selling force at 1.29440
Remember: Do not open a position if you do not know how to trade Gaps
After a gap down USDCAD continued to fall
But eventually, goes back to broken structure to filll the gap(1.28873-1.29142)
Now, looking at price action we can open a short position
Target levels are: 1.27424 and 1.25444 which are previous swing lows
Stop loss should be placed above selling force at 1.29440
Remember: Do not open a position if you do not know how to trade Gaps
Trade active
Trade closed manually
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