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Good afternoon folks, just to recap
on today's price accident, you can
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see we have a daily dollar index and
we were watching the lows over here.
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The bodies of these candles trading in
these works were expected to rejection.
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Block price came down to deliberate
exactly to the low and has rejected
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since the present market action
is above these candles bodies.
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So it'll be interesting tomorrow to see.
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If we have rejected here and we looked
to move higher, uh, you have to keep in
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mind that we do have a primary bull trend
on the dollar index, and this is just
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simply inside of a larger trading range.
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So we're on a low end of
that range in a discount.
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So it's an unclear if we're going
to stay in this trading range for a
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little while longer, which I wouldn't
be surprised if we, what we do going
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into the inauguration for Trump, or
if we go down and run out these equal
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lows in here with the bodies, I still
think that this is likely to occur.
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Um, even if we trade higher and obviously
it's a guarantee, if we're going to keep
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going love working, we have to clear that
out, but I want to draw your attention
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to how we had this level in mind.
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We were looking for this to be swept out.
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It did in fact, hit that.
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So we had two examples price deliberately,
exactly up into this fair value gap.
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And down in here to this rejection
block, both precision oriented
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you're a dollar today had its
continuation on the upside.
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Created a little bit into this gap.
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Uh, we blew out the high here
and we still have a little bit
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more of an exposed range up here.
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So, uh, with the exception of this
portion of the, the range between 1 0 7
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13 and 1 0 6 73, uh, the exposed range
still that has not yet filled in is here.
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It's defined as you can see right there.
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So that portion has yet to be fulfilled.
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So, we'll see if that is in
the cards for, uh, for Friday.
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Um, usually Thursday caps,
the weeks range generally.
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Um, but it's really a trendless week,
so we could see more, more type of, uh,
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a run-up in the air and make a run for
that 1 0 7 15 to one or seven 20 level.
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If it doesn't do that.
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And we just tread water
into Friday's club.
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Yeah, we're probably going to stay
again, just as much in the same way.
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We just mentioned for the dollar index.
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This is a large range between this low
here and the high that was established
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on the intraday high of your dollar
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cable.
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Had an opportunity to get up in here and
close in this, in this cell side delivery.
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Has been rebalanced out
almost almost to the PIP.
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It was felt just a little bit short.
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Then it was rejected after
clearing out these equal highs.
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And now we're back down at the
bodies of the candles over here.
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Um, it's again, a toss up as to
what we're going to be seeing.
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I would have rather seen
it trade down below.
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The old lower here in October,
but it didn't do that.
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Stop short of it as well.
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So we may need to pass down
one more time through it.
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Knock out at 1 20 40 level on 2020
level could be a, another level
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on an extreme, the Europan, which
I'm not going to pull a chart up.
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I'll just counsel you to go look at yours.
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You can see, we have a little bit of a
liquidity void still on the daily chart
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to fill in, so that could potentially
see Euro dollar strength and weakness
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on cable, uh, British pound USD.
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And thus sending Euro pound higher.
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That's one of the things
that's in the cards right now.
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And CAD, we had our low over here,
probably swept down through it.
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I extended this down
just a little bit more.
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We were originally just watching the
bodies of the candles in here, but
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now we did trade through the WIC.
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Um, we trade through it rejected,
and now we're back above even the
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bodies of these candles as well.
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00:04:05,549 --> 00:04:09,090
So again, it's interesting to see, um,
are we going to have dollar strength
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in here or are we just going to
consolidate, going into the inauguration?
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So everything is, uh, on a watch.
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Why watching what we see
going into next week.
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And I expect to see very
little in terms of volatility.
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I think we're just going to see a lot of
the similar action we've seen here looking
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for stop runs, and then back to the.
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Lastly, we're looking
at the Aussie dollar.
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Uh, we spoke extensively about this
pair today in our live session.
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So I'm not going to be to death.
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Just remind you that we did have this down
candle, which was over here, this down
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candle on the south side of the curve.
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As the market's trading higher, we
found some support here, price rally up.
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This is a new bull shorter
block hits it yesterday.
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Very nice price sensitivity.
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And then.
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Blew out the bodies of the candles
in here until too soon to see if
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it's a rejection block up here.
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00:05:03,075 --> 00:05:05,415
Personally, my thoughts are that
we're probably going to make another
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run above that 75, 25 to 75 40 level.
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And that's most likely what we'll
see probably by Friday's close.
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If not, if we stay real high billing
into the close and we'll probably punch
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through it on Sundays opening and that's
all I got for now, folks, I will be
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back with you tomorrow with another.
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To teachings for our delivery
of our January content.
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00:05:30,255 --> 00:05:35,474
And then I will also include a weekly
recap for this week for each one of the
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five pairs that we're watching right now.
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And until then, I wish you
good luck and good trip.
8318
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