افتتاح حساب تجاری 
Today's market opening brought the expected price gap on oil and most currency pairs after the Sunday's OPEC meeting. OIL is deemed to be under preassure for the next few weeks. Nevertheless, do not count on a sudden steep drop in the price. Speculation and market maker's fakeouts will play out a vital role in the price action. I expect the price to move slowly downwards with big rebounds.
On a currency arena the biggest looser of the OIL depreciation will be CAD. The USDCAD has gapped up through 1.29 level. Was this an important price action to predict the pair reversal to the upside? The most important types of the gaps are breakaway and exhaustion gaps. As we can see the present gap on USDCAD is neither of those. Surely, the gap is important to break the major resistance. However, it does not entail an immediate significant appreciation of the pair. For the trading strategy I suggest to buy USDCAD at 1.29 level with a profit target of 1.3 with a SL at 1.285 which will deliver 2:1 risk reward ratio.
On a currency arena the biggest looser of the OIL depreciation will be CAD. The USDCAD has gapped up through 1.29 level. Was this an important price action to predict the pair reversal to the upside? The most important types of the gaps are breakaway and exhaustion gaps. As we can see the present gap on USDCAD is neither of those. Surely, the gap is important to break the major resistance. However, it does not entail an immediate significant appreciation of the pair. For the trading strategy I suggest to buy USDCAD at 1.29 level with a profit target of 1.3 with a SL at 1.285 which will deliver 2:1 risk reward ratio.
