insanemalin

insanemalin

Positional traders still holding onto shorts, as its reflected on the charts by a pull back

insanemalin

Reason being the lineup in the futures market

insanemalin

230 pm we have a news report coming out for jpy, its minor which is in 30 mins since this idea was published, looking at the yeilds and the bonds which affects this currency, i have assumed it will be a buy.

insanemalin

main reason why i took this trade, reasoning was after looking at yields, bonds, and also what happned at the Merc in the USA on monday. and the fact that later on today there is a CPI report coming out, took a position for a short

insanemalin

the markets been shook by political news, the instatutional traders would have been taking longs into the retail traders reactions to the UK's May's media output last night

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reason being, even with high volumes it cannot break out of the current range, the constitutional traders already created liquidity to push the prices down

insanemalin

major resistant points

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reason why i think, this is because the institutional traders will sell off the news (liquidity)

insanemalin

it looks like it has hit a major buy zone for this week

insanemalin

its defiantly in major sell zones