Usd/Cad gap closed hours ago, however GBP/CAD gap has opened up to nearly 100pips atm. This could continue to open if the Pound continues upward. I have taken a couple of shorts already. Be aware though Cad pair gaps can take a while to close eg 4-8 days.
I have a theory too, that we can trade other brokers gaps even if they dont appear on our platforms.
So this morning I tested my theory, by trading a USD/JPY gap which was on SparenFX, but not on/or already closed on my other two brokers. I did the trade on GoMarkets and it closed out with a 29 pip profit. This could be something to consider in future especially when someone has a large gap, as happened last week with GBP/NZD 257 pips and Gbp/Aud 105 pips.
G/Cad gap now back to 70 pips.
Just so everyone knows GoMarkets G/Cad closing price last week was 1.59621. I've set my T/P 10 pips higher at 1.59726 to cover the spread.
