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EURUSD Bullish, Sees Price Follow-Through

EURUSD: With the pair extending its Wednesday strength on Thursday, further bullishness is likely in the days ahead. Support lies at the 1.1050 level. Further down, support comes in at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will target the 1.0900 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely,

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Imitation Is Your Key To Trading Success

When someone has the same goals as you and they are achieving them consistently, you would do well to “imitate” their strategy because they are proving by their results that the strategy works. Of course, trading is no different. In fact, as a trader, one of the ways to shore up your abilities and skills is to have a role model or mentor.

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AUDUSD Rejects Higher Prices, Vulnerable

AUDUSD. The pair saw a rejection of upside pressure during Wednesday trading leaving risk of dmore weakness on the cards. On the downside, support resides at the 0.7400 level where a breach will aim at the 0.7350 level. Below that level will set the stage for a run at the 0.7300 level with a cut through here targeting further downside pressure towards the

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How To Position Yourself For Trading Success

It looked like it would keep going up, but the price action soon stalled and headed to the downside. It was on the NQ E-mini and Martha had placed a market order as an extended candle on the 30-minute chart had blasted off and had continued to go upward. Martha had been trading for several months and believed that the day trading seminars

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USDJPY Targets Further Weakness On Bear Pressure

USDJPY: The pair remains weak and vulnerable to the downside with more weakness envisaged. On the downside, support comes in at the 105.00 level where a break if seen will aim at the 104.50 level. A cut through here will turn focus to the 104.00 level and possibly lower towards the 103.50 level. Its daily RSI is bearish and pointing lower supporting this

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GOLD Remains Vulnerable To The Downside On Correction

GOLD: Having the commodity closed lower on a follow -through on the back of its previous week losses the past week, more weakness is envisaged. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290.00 level.

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EURUSD Faces Further Weakness Threats

EURUSD: With the pair following through lower the past week, further downside pressure is likely. Support lies at the 1.0900 level. Further down, support comes in at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will target the 1.0750 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, on the upside,

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How To Allow Your Winning Trades To Run

Sally felt like she was in the zone. Her plan had identified a demand zone on the 60 minute ES E-mini chart and the price action had pulled back as it was about to enter it. She had placed a limit order on the 5 minute chart to go long in the zone and bracketed her order so as to place a stop

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