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Good afternoon folks.

Welcome to a weekly recap, February 17th, 2017, or we have a dollar index daily on

the left, and we had an order block here.

We were watching.

See if we had any kind of pause or a bounce there.

We had that today and we have the Bush candle right for the down move here.

The opening price comes in at 198.

Phase high

comes in at 100.99.

Just five pips short event.

Uh, we do have a breaker in here.

Okay.

We have all these candles down here, so it begins at the high of one hundred and one

oh three and the opening is 198 as well.

So that's an alignment with this openness last bare shorter block on the daily.

So it could see it little, a little bit more on the upside.

If we get through that one, I will be watching this.

So this level will be the next upside objective.

Now I personally think that this one will cap it.

If we fail to, uh, to stop going higher at 100 point 98, I think it'll

reach for that a 1 0 1 20 to 1 0 1 15.

That's the next breaker, the last down candles, right before this swing

highs violate, then the rejection.

So a lot of, uh, rejection sell off their builds the idea that this is

the breaker, but ultimately there's a big block of price action in here.

So it's wide struggling at this point.

And that's why I also was stating that I wasn't really terribly excited about

this order block just yet the propel price higher, because we had such a

strong rejection here and the fact that we were in a larger consolidations.

So that's all contributing factors to that decision.

Okay.

Looking at the Euro dollar, a Euro dollar, we had a 100, 6 80 level

objective, uh, with the highest high as 1 0 6 85 called for the.

We had a rejection, their price came down and said we would

probably trade in a range between one and six, 80 than 1 0 6, 20.

Uh, price came all the way down for an intraday low of

one hundred and six oh eight.

And if we continue to go lower, we will be revisiting that 1 0 6 big figure.

Really nice intraday sell off.

Uh, as an example, I shared with you on the forum, you

can get that link on Twitter.

On my feed.

I sent that a little later on in the afternoon after the lifestyle.

So we had the last down camera here on the daily chart.

It's open as one of 5 99, essentially.

One of the six big figure.

So be mindful 1, 2, 6 big figure.

You make it a little bit of a bounce in here.

Pound dollar.

This one is been heartbreak for me all week.

I've been wanting to find something in here to give me a directional

bias, to be able to trade this.

But it's not doing anything, but staying in a consolidation.

As we noted earlier in the week and mentioned last week, going into this

current price action, that's been lethargic, uh, frustrating on a higher

timeframe basis as this can't find its way to find any kind of flooding.

So we will be watching this pear waiting for new developments.

Again, there's nothing more I can say about this $1 cat.

We had a little bit of a lift today, came up hitting.

They're shorter blog, which is the last two up candles together blended

that's a very shorter block trades, aggressively, lower cleared off these

equal highs went right to the order block by one pit and made a tie today.

Uh, we are stuck in a range as well with this pair, just like the pound.

So we'll be watching to see what side of the marketplace even wants to reach

for buy-side liquidity rests above here.

Sell-side liquidity still rests below that one 30 level until then we're going to

chop wood and go sideways on this pair.

Aldi dollar.

Uh, we had some give back today.

Didn't quite get down to my mean threshold objective, 76 56.

So it was only one person.

From my 76 55 objective, I believe we may see one more, try to rally

in here a little bit going into next week, and then it would

probably make a run for that 75 92.

Now I'm not saying that we're going to make it higher high.

I think they're gonna come down for this area of liquidity and

draw it down to that 75 92 level.

So that means we could potentially see the dollar consolidate

or trade higher as a result.

So those are the two factors we're linking together for these two pairs Europound.

As we indicated this week, we said that cable was being held in consolidation and

your dollar was permitted to trade freely without having any consolidation that

tells us that your pound had the trade.

And there you go.

We have the rally up.

We have a small little liquidity void in here.

Price was delivered balanced from this point, all that to here, creating.

Buy-side delivery offered once only sell side was here.

Buy-side was offered here, went right to the PIP.

Can't get any better than that.

The low comes in at 85 92.

The high comes in at 85 91.

They're sort of blocking here.

As an objective mentioned this today, intraday, this was done for the day.

So it probably wasn't going to see any more, further upside on the pair.

And it's already given back since that live session commentary, it's

still in a large consolidation.

Um, I'd like to see it so off here and make a run for the objective down

here, 83 40 that's I'd like to see what would I like to see and what the

market does is two different things.

Now isn't it.

Gold.

That can get up of our equal highs up here for a four hour buy-side liquidity

pool, equal highs just fell short of it.

And we mentioned that if the dollar was rallying, it's going

to be hard for this metal to, to rally up and create higher highs.

We still will be looking for that next week.

So be mindful Monday, Tuesday, and Wednesday, we will be looking for

gold to try to make a run to that 1245 level in there higher, and then

go up into 1250 and maybe 1255 as a.

Uh, pop on this metal, silver still consolidating taking

people for holding it long.

Uh, still out again, looking for 1820, nothing changed here.

Just want to be complete and make sure this is included in the commentary.

And that's it.

Folks.

I'm going to, uh, have your lessons on tonight by eight o'clock.

I will wish you a very pleasant, safe, relaxing.

We will be live again Monday morning, 8:00 AM, New York time.

So until then I wish you'd good.