All language subtitles for v 4 EN (F)

Good afternoon folks.

Welcome back.

This is a daily review for Monday,
February 6th, 2017, because of the

action we solve for dollar index.

Uh, we seen price stay inside of the range
defined by 100 point 30 and 99 50 level.

I saw a little bit of an upside again,
noticing all the wicks in here, not

having any continuation on the upside.

So it'll be interesting to
see if we see some soft.

Tomorrow dollar still looking
for that sell side liquidity

down here at a 98 90 level.

So nothing's changed in that regard.

We have to punch up into this
buy-side liquidity to change gears

on dollar until that happens.

We're still looking for
this level down here,

Euro dollar, uh, we saw price get
back a little bit again, took out.

Yes.

Uh, last Friday's low and price
has to stay above this level of.

For the balls.

Otherwise we're looking for them run down
to the sell side, liquidity below here.

And the buy-side liquidity still
remains as an upside objective at 1 0

8 70 to 1 0 8 80 institutional level.

I've got a question in regards
to what are we looking at?

When we look at the, the range is 20
days back, 40 days back and 60 days

back, the first thing you want to
look at, where are we at in 20 days?

Okay.

We have this little area down
here where stops will be residing.

We blow the bodies of the candles
in the form of a rejection block.

Price has not come down to that.

Okay.

And we're looking for clues
as to what side of the

marketplace they're reaching for.

We're winding up for another price line.

I don't know if it's going to you
rebel from here and go higher.

I would like to see it, do that
because that's what we're looking

for in terms of barest dollar.

But if we lose this level
here, we immediately go back to

this level here looking for a
breakdown to potentially this low.

So that would give us a near-term
objective in the 40 day.

Look back.

These same levels still are the
most recent areas at which sell

side liquidity or sell stocks.

We don't have any voids in the 20
and 40 day, and we don't have any

bullets or blocks to be considered.

Cause we've already treated into
this one here at this level, and

we've already seen price react here.

And we're also working basically
the mean threshold of this one here.

We whipped through it
today, but then gave back.

So I'm hoping that we'll see
some rejection and go higher and

reach for the buy-side liquidity.

Mother's candle's high.

And in 60 days, same thing, the stocks
would be below these loads down here.

And again, About here.

So all we're doing is looking
at where the liquidity would

be for the last 20, 40, and 60.

And by shading, the areas like this,
it keeps your focus on the most recent

one that we, the content contend with.

And then the next one out intermediate
term and longer term for the 60 day.

Look back period.

Uh, we saw a tree down to the bodies of
these candles here, right to the PIP.

We saw the market trade down to its
closing price here 1 24 24, which is what

we have noted price came down and hit
that to the PIP, whether it's low of 1

24, 24 rejected their sell side, liquidity
rests just below these equal wicks.

Uh, so it's, it'll be interesting
to see what we do here.

Um, it may stay in a
consolidation and allow.

Euro dollar the rally, or if we lose this
here, we have to go back and start looking

at these bodies here for the cell stops.

And then on the downside from that
level, um, it could WIC down through

here and then reject and go higher.

That's another scenario
that we had to watch.

So that had to be monitored on an intraday
basis, which is kind of like outside

the scope of this month's discussion.

But nonetheless, um, if we do see
upside resuming, we're looking

for the buy-side liquidity resting
about these candles bodies up here.

Dollar CAD.

We saw a price rally all the up into
the candles close here is at 1 30, 1 36.

And today's high come in
at 1 30, 1 36, exactly.

Where we had mapped out.

You can see that's the case here.

It went right to it, to the PIP.

You see it traded right to it.

Let me zoom in a little bit for you.

Right.

Here's the high trades rate two at
1 30, 1 36, and this candles close

1 30, 1 36 or eight to the PIP.

So we, uh, we didn't get above it.

We went right to this level, but we
come back off that level a little bit.

So it'll be interesting to see as well,
like tomorrow, what we see for the dollar.

I'd like to see this one.

Uh, Reject here and trade down and turn
into like a doji of some sort, not to

that trade to doji pattern about like
to see it just completely turned into

a wick and go down here and punch this,
uh, 29 35 level, if we do not get that.

And if it was all we were doing was
coming down below these equal lows, as

we indicated last week, uh, we will be
looking for price to treat all up into

this candles opening, which is 1 30, 2 63.

And again, that would be an.

Line with a reversal of sorts for the
dollar index and the higher prices for it.

Aussie dollar prices moved a little
bit lower off of this high in here.

I still think we're going to
punch up and grab the liquidity

above that 77 45 to 77 60 level.

I think it's possibly going to be
reaching for it could be a 77 80.

So we'll see what, uh, what this pair
wants to do, uh, on the downside.

I think we'll find some support and.

75 91.

So at that level,

we'll have that level noted as well.

And we'll take this one off.

So that's the downside, a support
level we would expect to see also

lines up with two down counselor,
which would be a ball shorter blocks.

So it could cook, could trade down to
that 75 90 level and then resume higher.

Longer-term I'm going to weekly basis.

Uh, it does have some by stops a
little bit higher than where we're at.

Euro pound, uh, still stuck in the range.

I think that we'll probably see a
punch up into clearing out these

bodies and run that liquidity out.

Uh, we came down into this down candles.

High comes in at 85, 94, and
a low today came in at 85 92.

So it went to pips below into
this down candle and showed

a little bit of rejection.

So it might be favorable for another.

Press hire.

Um, we'll see.

I like the idea of this little gap
in here filling, cause we only had an

exhaustion gap up and traded lower.

So we would be looking for price.

Don't want to trade back into this
and we had this weeks ago, but it just

simply never came back to this area yet.

So we're going to have it now
added back into our charts.

So we might come up in that area here and
fill that in a little bit and ongoing.

Gold has just recently, as we're
at the time of this recording has

traded into the area we called for a
couple of weeks ago for a gold bowls,

1230 to 50 being this candles high
right here, and an aloneness candle

here, 1 12 40, that was framing the.

Fair value gap in here where we
expect to see price, to be balanced

out and deliver price on the upside.

So we're looking for 1240, still as
a upside objective for gold, a nice

little rally for that silver we're
looking for 1800 X marks the spot.

Basically, we're looking
for upside objectives there.

And that's it for, uh, today's markets.

The, uh, tomorrow session
will be at 9:30 AM.

It will be about a 45 minute presentation.

It's going to be on the Kiwi
dollar, uh, homework assignment.

I gave you in one of the lessons.

So we're going to be
specifically dealing with that.

Began promptly at 9:30 AM.

Usually I wait a couple minutes,
but I'm going to get done tomorrow.

I have an appointment to meet
someone at 11 o'clock, so I'm

gonna make sure I get done.

So be aware of that and I will
greet you all then tomorrow.

Uh, tomorrow's live session
recording is underneath this link

and you can subscribe and re uh,
register that session for tomorrow.

Again at 9:30 AM Eastern standard time,
about 45 minutes duration until then

I wish you good luck and good trading.