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Welcome back folks.
Okay.
We're looking at the dollar index.
This is a daily chart.
You see post Trump inauguration.
Uh, we were unable to get up to this last bullish candle.
The candle here that we were watching for a move potentially to have
some buy stocks resting above it.
The high continent, 1 0 1 72.
Yesterday's high commit 1 0 1 73.
Poke his head above that high rejected.
Uh, we do have sell side liquidity below this low, but more specifically again,
focusing on these equals down here.
Uh, certainly it looks like it wants to drive down through it.
Um, so we'll be watching that next week.
Um, we had a consolidation to slightly lower bias on the dollar index has
unfolded your a dollar daily chart.
It looks still like it wants to move about these candles bodies in here up into that
1 0 6 60 level clearing out the buy stop liquidity over here by these equal highs.
Uh, anything below the load in here would look for the sell side liquidity below
the bodies of the candles here and how much into this worker would need to be.
I would have to be a mantra at that time, but right now it appears
it's all upside buy-side liquidity targeted at a 1 0 7 60 to 1 7 80.
Looks like, uh, let's see what the highest on the candle.
1, 7 99.
We might see a 1 0 8 big figure.
If we can get above 1 0 7 60 so it could expect.
To run into the one on eight again, but right now we're only looking for a
move up into the one who seven sixties.
Try not to get too overzealous pound dollar.
Uh, we start following this buy-side liquidity pool resting above this high.
So it looks like it's trying, it certainly is trying to get up in there
and punch that, uh, 1 24 30 level.
Any weakness down here closes in this fair value gap in between
this candles low and this candle's high, but it looks certainly clean.
Once you go up into this, uh, buy-side liquidity pool, us CAD this week.
Beautiful, beautiful protection.
Uh, we had a mitigation block here.
We were outlining, uh, go back and look at the charts that were shared
each day, Monday through Thursday.
And you'll see the transitions from all of them.
Uh, reference points we had for this week for this particular pair I had relative
strength across all the dollar pairs paired with the dollar first and its
name, significant weakness in Canadian dollar strength seen in dollar category.
We had south side liquidity ran out below the 1 30, 51.
Uh, cell stops below these equal loads over here, still intact.
So that's the only notables this outside liquidity pool that is
in the daily timeframe at the moment mitigation block here.
Uh, we saw trance Pyre today, all the way up to the main threshold rate to the PIP.
I mean, you can't get any better than that to beautiful price action and delivery of
price immediately rejects off of that as you would expect for a near term response.
So we've seen Friday, Thursday, Wednesday, Tuesday, Korean, the low of the week.
And we moved from an area of let's just call it a one
thirty, fifty all the way up.
If we just go to 33 50 when it went above it, obviously, but it's a
300 PIP range here for dollar cab, which is phenomenal for a week.
And it's all relative to the liquidity pools and the things that we've looked
at for this particular timeframe.
Again.
Looking at these daily timeframes, it just takes a lot more time than you're probably
used to, but there's plenty of setups and there's plenty of ideas to keep you busy.
So while we're looking at these timeframes and the reference points,
just keep that in mind that it's not a day trade every day type thing.
It's a study and see what makes these hard timeframes move because every one
of these daily candles there's day trades their scalps, their short-term trips.
Okay.
So there's many different ways to skin a cat, but you have to have
these hard timeframe charts to help you get to that level where you can
do multi-dimensional trade ideas, Aussie dollar, again, really nice.
This week we saw the bull block yesterday, go up, it hit the
75 75 level, right to the PIP.
And then the objective of 75 80 was hit, uh, last night during.
The Australian session.
So it was still, uh, the trading day in New York for us in the north American
continent, but it hit that level and we went just a little bit above it.
See what the high as high as 75, 89, so nine pips above our target for
the week and has since traded off right now, it's trading at 75 49.
So very nice response there.
About 30 pips rejection sets again, a tree.
Expected result at that level.
Not that we're looking to short, not that we're looking at a day trade, but we're
studying the responses on these targets.
Only outline them in these hard timeframe, content installments it's to your benefit,
to see and study what their reactions are.
Once there's levels are hit, some of the levels are going to be entries.
Some of the levels are going to be targets and some levels
are just simply never touched.
But there's certainly a great deal of PIP ranges.
And while there is no long-term trade setups at the moment, the hard
timeframe premise has absolutely been phenomenal this week.
Even with them week, it's been expected to be quiet to a listless because of the
inauguration and turned out to be a rather lackluster day, except a little bit more
volatility today, but it's been subdued.
So it's probably a.
Finally Euro pound.
Uh, we had the fair value gap up in here Pitt and we went to
a premium market, has sold off.
I had noted the sell side liquidity down here.
We worked at right there.
Now we're just hanging around.
It looks as if we're probably going to maybe try to trade back up a
little bit, but ultimately I think we're probably going to make it.
Uh, for the sell side liquidity eventually after we closing this gap, if we continue
to go through it, we would be making a buy stop run on buy-side liquidity
at 90, 50 to 90, 60 level up here.
And that's it for this week, folks.
Talk with you Sunday on a pre-market session.
And we'll see, uh, we'll see where we open on Sunday.
Let's say it like that.
So Sunday evening, when the market's open, I want to see what all the
openings are for dollar and foreign currencies and emo hasn't commentary
for, uh, for the beginning of the week, it'll be a prerecorded session.
And until then, and wish you a very pleasant safe weekend until then.
Good luck.
Good trading.
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