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Welcome back folks.

This is a review for Monday, January 30th, 2017.

Okay.

We had the level 101 in mind is, was demeaned threshold.

Last down candle in here.

Middle of that candle brings us at 1 0 1 thereabouts and I

rounded it to a one-on-one level.

Today's high.

Interestingly enough came in exactly at 100 point 99.

And then a rejection.

So that bodes well for actually cleaning out the bodies of these candles here.

Cause we tried to wick once, twice higher high Sunday, we tried to

start a trade, little bit lower.

Um, we try one more time to go through.

Couldn't do it.

And retraced now I've liked this to me.

It bodes well for the rollover into that 98 90 level.

We're looking for down here.

This would be blowing out the cell stops below here and retreating

back to an old March structure.

And closing in the fair value gap that would be placed on the market.

Only seeing buy-side delivery, nothing on the south side yet.

So, um, it certainly looks like it wants to do that this week.

Um, so we'll see if it does.

In fact, PNL

Euro dollar did make a run below the mean threshold again in

here rather significantly and deeper, but it rejected again.

So I'm not sure what.

If we're going to stay in a consolidation between the lows over

here and the highs while we work out, what the dollars going to do.

Uh, but it certainly is not indicating it wants to go lower every time it does.

It quickly comes back above that want to 6 65 level.

So unless again, we close below here.

It's to me, looks like it's just running starts.

We had a short little short-term.

And price stayed.

Coband below that the more significant cell stop area to me was below over here.

And it didn't get down to that.

It got real close to it, but it worked just below these candles

bodies, just by pepper to below here, and then we reject it.

So I'm interested to see what we do.

Today's close.

I want to see it close above here, and then try to make a run

above that one or seven 60 level.

If we make one more attempt to go down below, I think we'll probably

give up the ghost and make a run for the sell side liquidity.

We're here now with the, to hold on the bearishness on the dollar for near term

British pounds.

We did see the level that we were watching.

Uh, finally giveaway.

I certainly think it's going to be closing below.

This low today or this level, rather let's draw that out in time

so you can see the, the aftermath.

And to me, it means we're probably going to have to go back down to

that 1 24, 23 level, which I didn't want to see that happen because we

already traded through on this candle.

We open it and trade it down to it and rejected that's enough for me.

Um, It may have to go back down to 24, 23, and then maybe even down to this last down

candle, which would be a bullet or a Bach.

And the reason why I say that is because we've already been to this level.

Once it might want to run through 24 23, and we have to be watching the,

uh, 23 89, 23 90 level, essentially 24 big figure, 2390 as downside on case.

Unless we completely wick off of this and reject and go completely the opposite

direction on Tuesdays on an open, which I don't see that in the cards here, dollar

CAD, a mixed bag today, consolidation.

It started to show some willingness to want to go back below 1 30, 53.

We're looking for a mood below 1 30 50 to get down to the 29 twenties to take the

cell stops out below these equals this.

And this low and then making a run into that 29 35 bull shorter block.

That's an extra downside objective in here in here.

I just don't see anything that would warrant bullishness.

I'd still think this pair is a little heavy.

So dollar cats to look for lower prices, Aussie dollar, still chopping wood.

It's in the middle of a consolidation.

Again, this is all about what we've been talking about for

this particular payer brick wall.

It held back any upside potential for this pair and downside just doesn't

want to take any cell stops out.

So we're stuck inside of a fractal, uh, this high and this low.

So until we get out of this area, we've got to let smart money

tell us what he wants to do.

We are not trying to pick a direction while it's like this.

And you're a pound.

Give us a nice little pop.

We were expecting after taking the sell side liquidity out of the marketplace,

we were looking for potential run up into the buyers of these candles

and, or mean threshold of this last down candle rate for this move up.

So let's put that on a charts.

Sorry.

Levels you can see equilibrium is exactly where we're at right now.

We went just a little bit above it here, but that's what we

saw as an outside objective.

And then if we continue up a little bit, we would have to

look for the low on this candle.

86 32.

So 86, 30 to 8, 6 35.

Upside objective.

If we continue the roll through, that means if we see continued sliding on

pound dollar and Euro stay sideways or firm, or starts to trade higher,

that would give this pair some room to rally up and continue its retracement.

Uh, that's it for today, children, I'm going to.

See you all tomorrow in our last live session for January.

And then tomorrow, before the live session, I will be adding in

tweeting the confirmed link for January's contents study notes.

So it's a lot of notes.

This is not focused.

Just prepare yourself as a lot of things that you need to go through

and make your own notations on top of what I've already supplied to you.

And I will wish you all a good day.

And like I said, I will be with you tomorrow at 10:00 AM.

Time look for the link underneath this link posted in the Monday

content for our forum, and you'll see the registration link for January

31st, 2017 live session till that wish you good luck and good trading.