JM_UNION_FTS

JM_UNION_FTS

as always big dogs will not let us win easily, so they will fight us . i think we are in a range bound market and traps are imminent, but or however my target is 115.00 now or another bull trap as shown on the screen

JM_UNION_FTS

if you remember my last chart i said traps are imminent (red zone) looks like 124.00 is the next key lvl

JM_UNION_FTS

ive got a lot of questions regarding the direction of this pair .. we have to potential scenario 1- accumulation positions (red arrows) 2- quick scan move (blue arrows)

JM_UNION_FTS

weekly view for this chart is not that much clear, but sideways market maybe the theme for next month or so, looks like prices will stabilized in this monthly cycle before the open of the next cycle and to be honest i dont know what will be the direction of next cycle, but what i know is we may claim toward 1.28 lvl as consolidation phase may take place ..

JM_UNION_FTS

this is a great potential trade, we may have a great sideways market based on my weekly view . good luck

JM_UNION_FTS

i love this kind of market as no body do ... always said do not trade sideways market, but it is not true here you can make money if the market move in your favor like a saw up and down .. now looks like we are in a double trap zone and most probably market will move higher toward 1.15 back, then direction will resume . weekly have 20% falls reading , good luck

JM_UNION_FTS

market is in love with traps in this case scenario we have to see some manipulation on the market price before the next move will take a place

JM_UNION_FTS

it is sample ... we are in a down trend so we have to option 1- continuation of same trend 2- reverse of the previous trend what i can see is a continuation pattern called double trap entry as illustrated target as illustrated

JM_UNION_FTS

nothing much to say rather than we had a great bear trap, most likely bulls will continue for some session . target as illustrated entry as illustrated

JM_UNION_FTS

after what happened yesterday i think the price took out some stops and activate some orders above 1.0640 in which it may open the door for further move up toward 1.08 which represent the weekly S1 we have 2 scenario to play this market 1st buy now 2nd wait till bull trap activeted and then buy below 1.0550 good luck

JM_UNION_FTS

am selling sterling$ for intraday play for super fast 50 ticks any move above yesterday high will trigger more selling pressure

JM_UNION_FTS

Are We Going To See First Wave Reversal Of That Huge DOWN TREND .... fundamental news is almost universally negative... sentiment is negative ..... economy is negative..... US dollar strength..... technical : we are in the end of double zigzag retracement it might end it that cluster lvl at 35-34 extension 32

JM_UNION_FTS

Since beginning of MAY every time the market cross below 60.00 it went to the nearest resistant or support but on the 20 first of MAY the market crossed above 60.00 but did not reach the nearest resistant because of RSI hit its max levels since last drop happened on the price as shown on black line number 1, nonetheless the market found TLR at that level...

JM_UNION_FTS

this market have two levels to accomplish 59.90 -if you are a buyer keep your positions toward 59.60 - If You Are A Seller Keep Your Positions Toward 57.60 FOR ME : I Have 3 Buy Orders As Followed 1-59.90 2-58.50 3-57.88 I Have 2 Sell Orders As Followed 1-58.35 2-59.20 AM WAITING THE LEVELS THAT I MENTIONED ABOVE

JM_UNION_FTS

Last Week The A$ Moved Down To Shift The Trend From Uptrend To Downtrend Signaling The Probability Of Rate Cut Toward Interest Rate Decision, This Week We Will Have Full Schedule Data Starting Monday With AUD Housing Sector And HSBC Manufacturing PMI, Tuesday The Big Event The RBA Rate Decision, Wednesday The Retail sales And CHN HSBC Service PMI, Strong Data Will...

JM_UNION_FTS

am short on this market aiming bulls level at 0.7635 and if we break then i will add more to my short positions

JM_UNION_FTS

waiting the technical view to attach and support fundamental bearish view, after CPI figure today was worse than expected

JM_UNION_FTS

Selling Opportunity At Key Resistant And CPI Release May Give Us Some Clues