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Enhancing The Odds In Forex To Gain An Edge

Two weeks ago I wrote an article, which explored the similarities between gambling and any other business venture and you can read it by clicking here. In that article we looked at how all businesses take controlled risks in their daily activities but operate with an edge in their plan, so as to tip the odds for succes

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USDJPY: Faces Pullback Threats

USDJPY: The pair still remains weak and vulnerable on corrective pullback though seen hesitating during early trading on Wednesday. However, except it returns above the 125.04 level, risk continues to point lower. On the upside, resistance resides at the 125.00 level with a turn above here aiming at the 126.00 level. A

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What Are You Paying Attention To In Your Trades?

When you are in a trade what are you paying attention to? In other words what is motivating you? You may be like so many other traders around the planet in that you trade, and trade, and trade. In fact, you may have daily or trade session targets, but rather than discontinue trading when you hit those daily targets you

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AUDUSD: Turns Higher On Strength

AUDUSD: With the pair halting its weakness and strengthening, more gain is envisaged. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level if seen will set the stage for a run at the 0.7550 level. A cut through here should target further downside towards the

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USDCAD: Remains Bullish But With Caution

USDCAD: The pair remains on the offensive leaving risk of more strength on the cards. However, with a back to back rejection candles printed on the daily chart the past week, we could see a pull back in the new week. On the upside, resistance is seen at the 1.2537 level followed by the 1.2600 level. Further out, resist

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CRUDE OIL: Reverses Losses, Eyes Further Upside

CRUDE OIL: Crude Oil reversed all of its past week losses to close higher on a rejection candle. This development leaves risk of a move higher on the cards. On the upside, resistance resides at the 61.00 level where a break will expose the 62.00 level followed by the 63.00 level. A cut through here will aim at the 64.0

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EURUSD: Closes Flat With Eyes On The Upside

EURUSD: With EUR closing flat the past week, it faces the risk of a move higher in the new week. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. Conversel

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