When the facts change I change my mind, what do you do sir
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USD/CAD Eyes 1.1175 As Bulls Gain Momentum
Market Sentiment: Bearish Key Takeaways USD/CAD is expected to face a tough hurdle near 1.1066 Short term sentiment remains bearish A test of 1.1175 resistance is likely USD/CAD continued to hold range around 1.1023 on Tuesday after the end of two-day Easter vacations. The pair is expected to begin the upward journey towards the 1.1066 resistance area. The sentiment is bearish due to Lower Low (LL) in the most recent downward wave. Technical Analysis The pair is being traded around 1.1023 at 2:15 GMT in Asia. A hurdle can be noted near 1.1051, the 55 Simple Moving Average (SMA), ahead of 1.1066, the 50% fib level and ... (full story)
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- Apr 22, 2014 12:49am Apr 22, 2014 12:49am
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
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- Apr 22, 2014 1:13am Apr 22, 2014 1:13am
- skenobi
- Joined Oct 2007 | Status: Former institutional dogsbody | 183 Comments
I'm not trying to convince anyone. I'm not in the "convincing" business.
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- Apr 22, 2014 5:57pm Apr 22, 2014 5:57pm
- Olu
- Joined Jun 2009 | Status: Trend Trader | 22 Comments
Find a trend and milk it for all it is worth. That's how to be profitable