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Stop Loss: How Professionals Lose Objectively

One thing that is certain in anyone’s trading journey is losses. Even the best traders lose from time to time. What the best traders have in common however is that they are very professional losers. Knowing how to lose properly is a must in a long and prosperous trading career. To trade objectively you have to learn ho

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USDJPY – Vulnerable Below The 124.47/57 Zone

USDJPY – With the pair continuing to maintain below its key resistance at 124.57 level, a move lower should occur. Support resides at the 123.50 level with a turn below here aiming at the 123.00 level. A break will target the 122.50 level. Further out, support comes in at the 122.00 level where a violation will a

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CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure

CRUDE OIL: With outlook for the commodity continuing to point lower, further weakness remains on the cards. This development leaves Crude Oil targeting support located at the 45.00 level where a break will expose the 44.00 level. A break below here will aim at the 43.00 level and then the 42.00 level. Below here will o

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GBPUSD: Risk Points Lower On Correction

GBPUSD: GBP continues to look vulnerable to the downside on correction with more decline envisaged. On the downside, support lies at the 1.5550 level where a break if seen will aim at the 1.5500 level. A break of here will turn attention to the 1.5450 level. Further down, support lies at the 1.5400 level. Its daily RSI

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GOLD: Corrective Risk Developing

GOLD: With a marginal lower close seen the past following its price rejection, a move higher could be developing. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040.00 level. Below here if seen could trigger further

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EURUSD: Loses Upside Momentum, Faces Downside Risk

EURUSD: Having EUR reversed its entire past week gains to close flat, it now faces risk of a move lower in the new week. Support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0600 level with a turn below that level targeting the 1.0550 level. Resistance is se

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USDCHF: Sees Price Hesitation

USDCHF: Broader outlook for USDCHF may be higher but it faces the risk of a move lower following its price hesitation the past week. Resistance resides at the 0.9700 level with a breach targeting the 0.9750 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.980

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GBPJPY: Sets Up To Correct Lower

GBPJPY: The cross remains vulnerable to the downside after failing at higher level prices on Thursday. On the downside, support comes in at the 193.00 level where a violation will aim at the 192.00 level. A break below here will target the 191.00 level followed by the 190.00 level. On the upside, resistance lies at the

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