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Trading Insights

Playing the EUR/CAD Downtrend – Trade Closed

Good morning forex fiends! It was a tough ending for my latest trade idea as risk-off flows came in hot and heavy to close out last week’s trading. As per normal behavioral patterns, this spelled trouble for “risk-on” assets like the Canadian Dollar, as well as my EUR/CAD trade.

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By living the philosophy that my winners are always in front of me, it is not so painful to take a loss.Marty Schwartz