Aussie and Cable may need one more push to the downside.
It seems that like ES, FX didn't drop to key area on Friday.

Anyway, here's a key spot, up 19 off the low, if they planned to turn it back down.

But I really don't like going against frenzy moves...

Recent students of mine should recognize something about this move. So, it's not outrageous to think it could drop in here. It's just that the frenzy dynamics, since 'The Great Manipulation' started in '09, are something to respect.

Hence, it is a rare exception when I fight them.

Looks like an acceleration phase up. I guess this will be a ride until close (and maybe then some).

But, if for no other reason that there is nothing to do but watch the trailing stops trail, I'll watch here 'in case'.

Woo-hoo, it's come in four ticks.

I think this is a valid shorting possibility here for the very experienced trader, one who is very good at reading the action and can make good decisions about getting out before a full stop is hit. But, the 'realistic' almost best case scenario is it does a small pullback. I'm only looking at it because it is a monster area.

There's a 'pattern' to the pullbacks, too, so watch in here at 34.

Like I said, though, I don't like to fight frenzy moves. If it doesn't go the usual 20+, it usual goes about 30, in my experience.

Wow, it's already selling hard off the area. I am really loving this, but a bit surprised they'd go into the futures close that way. Awesome.