gap up started means strong up trend?

At the beginning of Oceania time, CADJPY was started gap up.
I think it means strong up trend.
Also, price is beyond Fibo 61.8% and 200 SMA of weekly chart.
There is nothing to disturb this pair take higher.

entry: 88.500
TP: 91.580 (Fibo 100%, +308p)
SL: 88.000(-50p)

This trade is swing during this week.
But there is a big event of "employ statistics" on Friday,
then, I close this position before it.

Good luck to you and me!

Trade aktif