Sumikko

Sumikko

USDCAD Weekly: we can see the 12EMA cross down over the 36EMA and the price continued downwards did a pullback and seems to be consolidating at the moment. So the major money maker is the breakout from that consolidation zone. 4H: Clearly shows the price movement within the triangle and has almost reached the top. 1H: the upward move is beginning to look...

Sumikko

Weekly: shows the price just formed a new red candle below the 633EMA and may be having a pullback soon. Daily: shows the price on support. This is strong support if we look to weekly chart we can clearly see that. Wait for the signal to enter Long on this one. Set first TP at the 36 EMA of the daily 2nd TP at the 633 EMA of the daily. Set SL below the daily low.

Sumikko Updated 

After a week post-Brexit, the markets have finally started to normalise. Daily chart: price has just broken down and out of trendline, did a pullback and resumed downward movement yesterday. Those who entered the trade can set their Stoploss (SL) at 1.12491 with Take Profit (TP): 1.08152 4H: We can see how nicely the price touches the trendline that acted as...

Sumikko Updated 

For those who missed yesterday's train.. The gold has failed to reach higher highs today and may head lower to 1253.97 as the first station.