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GBPCAD gap play

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBPCAD, Daily As we know Canadian dollar and WTI crude oil have an inverse relationship were CAD usually goes up if the price of oil appreciates and vice versa. The strong drop in the price of oil lifter GBPCAD higher and created a significant gap to the upside. Markets have however been selling the pair from the opening of trading in the Asian session and now with the oil price apparently finding some support it’s I’m looking at GBPCAD as a potential short play. Gaps are often closed before

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