America! America! God shed his grace on thee...

Hi
What's happen in Iraq we don't know but we can have prediction about situation ...
The price should continue to move upwards in a range of 1.4430 to 1.4500
 
Quote from JSSPMK:

slightly extended stop, should bounce very soon
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Right, tomorrow, I can almost promise this one, USD patriots will be taking us to 115.5-116, the answer lies in USDJPY 2 hour chart's histogram :)
 
If it doesn't go to 116 and possibly 118 setting up either a bear flag or a totally unexpected by most reversal, then I will be extremely disappointed.

USD to bounce!!! Time is right, time is now, buy USD :)

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=1669012>
 

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Quote from phil1424:

yeah buy the dollar here and catch the falling knife if you like
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if potential reward outweighs risk factor & you base it on a proven technical pattern then there is absolutely nothing wrong with catching a falling knife, I do it all the time, this time obviously there are no buyers around on my time frame. I've bought USD before when everybody was going - Nah, it's going lower, it didn't.

Even though it appears that USD showing weakness being close to an obvious support zone, do not be surprised IF/WHEN PPT comes to the rescue of USD.

I am out on this one for now, let's see what happens.
 
Quote from JSSPMK:

if potential reward outweighs risk factor & you base it on a proven technical pattern then there is absolutely nothing wrong with catching a falling knife, I do it all the time, this time obviously there are no buyers around on my time frame. I've bought USD before when everybody was going - Nah, it's going lower, it didn't.

Even though it appears that USD showing weakness being close to an obvious support zone, do not be surprised IF/WHEN PPT comes to the rescue of USD.

I am out on this one for now, let's see what happens.
More...

113.30

Hows your stop doing? Hope you didnt get knifed..
 
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