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Welcome back folks, daily recap for February 21st, 2017.

Okay.

The dollar index on the left, we have the daily chart.

Uh, we did go through our rejection block that we were talking about

potentially being as an upside objective.

It traded through that fell short of the old high.

We do have a weekly bullish order block at this level here, as you

probably are aware, as we outlined it today in the live session.

We have the likelihood of price may be coming back down in here.

Again, if we do we'll maybe see a run up into the levels indicated here, if we lose

this level and we come back down below this low here, I think we've probably

made a failure swing on the dollar index.

And then maybe this is a short term, intermediate term.

That would lead to a lower run on a dollar.

I don't know if that's the case yet, but, uh, given the fact that we

haven't seen the range still break or come out of this trading range,

we're still in that range defined as we outlined a couple of weeks ago.

Um, it hasn't really moved.

So we'll be looking for signs tonight in London, going into New York to

see if we have dollar strength to continue up into the fair value gap.

Outlined over here and as well from the four hour.

So if we get that upside objective, that may be enough to turn the tide

and make things go longer, term bullish for the dollar index and bit

until we get above this short-term high here or come back down into this

level here for essential by, uh, I'm not, I'm not bullish on value yet.

It still has to give me something convincing and.

It's just not there yet.

You're a dollar.

Okay.

We had a 1 0 5, 10 south side liquidity identify with this old low.

So we mentioned, uh, the railroad tracks in here and the.

So we had very nice mitigation on the part of longs that were used to drive

price up above the short-term high.

It did take those lungs off, mitigated them.

And now we add apparently new shorts, uh, south side, the quarterly rest.

It's still below here and below that we start going back to the bodies

of these candles for our rejection.

Okay.

So we see continuation on this pair on the lower side.

That's the objective.

We're trying to get back down here to the 1 0 3 90 to 103 80

level, uh, for downside objective.

Um, we said that this pair was probably going to drive Euro pound lower,

and this one has been able to trade lower almost in a trending fashion.

If we can get below this low.

That will help it even more drive Euro pounds lower because of the next

pair we're talking about is cable.

And I'm sure it probably today, you looking at this pair thinking.

There's Adam trendline guys that were looking at that trend line.

It's probably going to keep going down.

ICT was wrong there.

Uh, well it came all the way down and didn't break the range that I gave you.

It didn't do that at all.

It's so right off at a touch on the trend line and it gave you an intraday move.

But look at the range, come all the way back.

You think these bears are excited to see this, and that's

what I'm trying to tell you.

I mentioned this.

The last couple of times when we get together re referring to pound dollar,

this pair is stuck and unless you're day trading and then getting in and getting

out real quick, get off of this pair.

It's going to beat you.

And you can see it here.

You know, the trend line still, if you guys like to follow that stuff and have

faith in it, that we're probably going to be seeing it breach and it'll reach

for the buy-side liquidity up in here.

It had every reason to go lower today and really break and come down below

the bodies of these candles in here.

Couldn't do it.

Okay.

So while this pair is being held in consolidation and going back

to Euro Euro being permitted to trade lower, we know that.

The trade's going to be in your opinion, that means your

appeal is going to go lower.

Let's take a look at that pair.

Your European did.

In fact break its low after trading into a spiritual block.

As we mentioned last week alive, this was completed now and we could

potentially see a trade lower and I'm still liking that level 83 40.

So unless we reject this and really start to turn north, we're looking

for 83 40 still for European.

That means town.

Dollar's going to stay in consolidation and still potentially

make a run higher dollar CAD.

I'm still pressing a little bit higher.

I'd like to see it, get above this level here before I get bullish on it.

And it's going to have to be in concert with a dollar

index, um, a bull run as well.

So they have to be an agreement, but this pair has to get above these highs

for me to be bullish on dollar K.

So nothing's changed for those parents still in the consolidation

until we break above this high.

And then we can be looking for a long if dollar index is still bullish,

all the dollar came down, mean threshold, trade through it today,

intraday, and then quickly rejected.

Uh, you can see a nicer reaction here.

Also.

I want a four hour basis.

So we're looking for a potential run still in the cards for 77 45 to 77.

So those levels are still possible.

Um, if we lose the main threshold on a closing basis on a daily chart, then

we're going to be looking for a run below these lows for our cell stops.

Okay.

And then have the rejection block here noted based on these candles bodies.

And if we get down to this level here and leave the 77 45 7 7 50 level

untouched, that will be the objective.

Once we get down to here, we can look for a long to go here to here.

Just like cable came down into a Bullhorn block relative to the four-hour chart

over here, came down rejected, and then we're back up as still think.

I really liked that 1250 level until we break down in, in

the real convincing fashion.

This metal, it's probably going to hit that 1250 level

that this won't let it drop.

And this is just in my opinion, more reasons to expect it to be

range expansion on the upside.

We've got this buy-side liquidity pool, equal highs up in here.

It's a lot going for it to want to go up here, even if it just goes up above these,

these highs here and doesn't get to 12.

I'll take that as a moral victory who cares?

I mean, it's been a nice bounce off of this level we call beforehand.

So if I can get that to unfold again, that's going to be a favorable outcome

for experience for you folks, as mentorship members, silver, still playing.

Reluctant to get to that 1820 level.

Uh, it's just, if this metal is being brutal to those that want to see it move

higher, uh, I still expect 1820, unless we get a really ferocious breakdown in here.

Uh, we traded it down below the body of this candle here, which

is a rejection block, traded down rejected price, as you would expect.

And we're back up here again.

Was that taking cell stops out?

Well, we'll see, probably tomorrow.

Um, but in here, I like the fact that we come off the lows aggressively and it was

on a lower, low that it tried to do it.

So we had a low with a wick.

We had a low and it came off fellows again.

So they may be just accumulating in here in a larger little consolidation

and still looking for the 1822.

But very, very difficult metal, uh, trade outside the futures market.

So again, just for study purposes, 1820, still the objective until we give up this

level here, 1775, that's it for today.

Folks, we will have another live session tomorrow at 9:00 AM.

So until then I wish you good luck in the tree.