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    Page 39 of 39 FirstFirst ... 34 37 38 39
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    Thread: Omar Sayeed's - Trading Journal

    1. #381
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      Default Re: Omar Sayeed's - Trading Journal

      After a long time, I am back again in my Journal. I love this section but I do not get enough time to update my journal because of my service. I hope you are making a good profit.

      USDCAD Long entry:

      The USDCAD pair is dropping for last six days and reach a good support area. I think this is high time to take a long entry of this pair. I took long from 1.3307. Stop loss 100 pips and Take profit is always open.

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    2. The following 4 users say Thank You to Omar Sayeed for this useful post.

      cantfoldaces (01-08-2019), forexguy9 (01-09-2019), mikehenley (01-08-2019), Unregistered (1)

    3. #382
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      Default Re: Omar Sayeed's - Trading Journal

      Quote Originally Posted by Omar Sayeed View Post
      After a long time, I am back again in my Journal. I love this section but I do not get enough time to update my journal because of my service. I hope you are making a good profit.

      USDCAD Long entry:

      The USDCAD pair is dropping for last six days and reach a good support area. I think this is high time to take a long entry of this pair. I took long from 1.3307. Stop loss 100 pips and Take profit is always open.

      Attachment 96992
      Both Stoch and RSI indicators are showing overbought as well as USD index is getting back some strenght which will benefit the USDxxx pair to go bullish again.
      Let's watch how the Canadian will react!

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    4. #383
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      Default Re: Omar Sayeed's - Trading Journal

      Quote Originally Posted by Omar Sayeed View Post
      After a long time, I am back again in my Journal. I love this section but I do not get enough time to update my journal because of my service. I hope you are making a good profit.

      USDCAD Long entry:

      The USDCAD pair is dropping for last six days and reach a good support area. I think this is high time to take a long entry of this pair. I took long from 1.3307. Stop loss 100 pips and Take profit is always open.

      Attachment 96992
      me also expect a bounce on the usdcad pair especially from the current price levels. the 4 hours chart is pointing to the north. any drop from here would offer buyers a better price. but if the pair drops below 1.3200, then the bulls would get a fight in their hands. buyers could target 1.3540.
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    5. #384
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      Default Re: Omar Sayeed's - Trading Journal

      Quote Originally Posted by forexguy9 View Post
      me also expect a bounce on the usdcad pair especially from the current price levels. the 4 hours chart is pointing to the north. any drop from here would offer buyers a better price. but if the pair drops below 1.3200, then the bulls would get a fight in their hands. buyers could target 1.3540.
      Last week saw a notable shift in sentiment for USDCAD, having broken out of the rising channel that has been in place since October. Consequently, momentum indicators point towards further downside. The pair are currently hovering around notable support levels with the 74.6% Fibonacci retracement at 1.3385, while the 50DMA resides at 1.3332. However, a break below increases scope for a test of the 1.32 handle.

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