Well the chart is telling me there is more to fall. But first it needs to head up around 1.0420 or close too, before saying goodbye and dropping . It will first test the bottom of 1.0150 and probably the weekly support line at the same time. This support will not hold then it will sail through parity and into the 90's. This is based on the strong selling over the last 2 days, the gold sell off, the descending H&S on the 1H and the fact it got such a strong rejection from the 1.0600 tops. I will base my trading around this plan over the next week or so and see how we go.
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- Apr 17, 2013 11:05pm Apr 17, 2013 11:05pm
Hope for the best, prepare for the worst.
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- Apr 18, 2013 12:51am Apr 18, 2013 12:51am
Hope for the best, prepare for the worst.
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- Apr 21, 2013 8:57am Apr 21, 2013 8:57am
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- Apr 22, 2013 11:05am Apr 22, 2013 11:05am
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
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- Apr 22, 2013 11:31am Apr 22, 2013 11:31am
Trade according to current market condition, not what you think would be.
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- Apr 22, 2013 11:33am Apr 22, 2013 11:33am
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- Apr 23, 2013 2:04am Apr 23, 2013 2:04am
The fragrance remains in the hands of those that gves the rose
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- Apr 23, 2013 3:19am Apr 23, 2013 3:19am
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
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- Apr 23, 2013 4:24am Apr 23, 2013 4:24am
Hope for the best, prepare for the worst.