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10 Powerful Qualities Of Profitable Traders

There are reasons why profitable traders achieve the way that they do. Here are 10 powerful qualities of profitable traders that they share. 1. Clarity: They know what they want and they have a hunger for it. Everyone makes mistakes, including market wizards and highly successful traders. The difference is that they “learn” from each mistake and rarely repeat them. That’s because they

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EURUSD Looks To Maintain Above Key Support Zone

EURUSD: Having continued to see price hesitation, EURUSD looks to maintain above key support zone as temporary bottom scenario is developing. If it can hold and trade above the 1.0519/00 zone this view should continue to hold. On the downside, support lies at the 1.0519/00 levels where a violation if seen will aim at the 1.0461 level. A break of here will aim

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GBPUSD Targets Further Bullish Corrective Recovery

GBPUSD: Having triggered a higher close on Monday and followed through higher during early Thursday trading , GBPUSD targets further bullish corrective recovery in the days ahead. Support lies at the 1.5000 level where a break will turn attention to the 1.4950 level. Further down, support lies at the 1.4900 level. Below here will set the stage for more weakness towards the 1.4850

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EURJPY Bulls On The Offensive On Recovery

EURJPY: With EURJPY bulls on the offensive on recovery, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in at the 129.50 level where a break will aim at the 129.00 level. A turn below here will target the 128.50 level with a breach turning focus to the

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GOLD Bearishness Remains Intact But With Caution

GOLD: Having closed lower the past week, GOLD bearishness remains intact. However, a corrective recovery higher could occur if it fails to push further lower in the new week. On the upside, resistance resides at the 1070.00 level where a break will aim at the 1080.00 level. A turn above there will expose the 1090.00 level. Its a weekly RSI is bearish and

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EURUSD Looks To Retarget The 1.0519 Zone

EURUSD: With the pair closing slightly lower the past week, its broader risk points lower to the 1.0519 level. EURUSD looks to retarget the 1.0519 zone which is consistent with its long term downtrend bias. However, a recovery may occur especially now that is approaching its key supports. Support is located at the 1.0500 level and if violated, expect more weakness to occur

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USDCAD Ended The Week Slightly Higher

USDCAD: Having printed a rejection candle ahead of its key resistance located at 1.3435/56 zone, USDCAD ended the week slightly higher. This leaves risk of a pullback in the new week on continued price failure. Its key resistance standing at the 1.3435/56 levels comes in as the next upside target. Further out, resistance comes in at the 1.3500 level where a turn lower

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The Keys To Your Trading Success

For the subject of this week’s article, the keys to your trading success, I thought that I would take the time to explore the thought process behind most trading decisions we make during our FX speculating. As you may already know if you have read previous articles written by myself or my colleagues, we all drive home the importance of formulating and then

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