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Can someone review my forex trade that I placed on USD/CAD on Thursday?

Hello Forex traders,

Overall, not too bad . . . you made a profit.

Considering the timeframe you are trading, I don’t understand why you are referring to a an exit at 1.1006 “which looked like an important resistance”.

It looked like recent resistance was ~1.1055 and sloping upwards.

I would have tried to ‘trade the range’ of it coming down to ~1.1055 and having hat as a ‘buy on stop’ or not had any exit order in place, in the hope there was significant weakening due fundamental events (of which there are many these days).

USD/JPY Technical Analysis for August 23, 2011 by FXEmpire.com

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