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Kathleen folks.
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Welcome back.
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So weekly review for the Forex
market, this is the daily
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chart for the dollar index.
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Okay.
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So we had the washout of
the low here on this day.
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We were watching for, uh, we watch
this for about a couple of weeks.
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Now.
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I finally got below the bodies
of these candles and below the
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consolidation was seen here.
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Uh, we did go below the line.
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Just buy one candles, WIC.
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Uh, we still had an objective
and it's still may very well
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be in the cards for next week.
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Uh, just doesn't appear it's
going to be happening this week.
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Uh, we were looking for a weekly
objective of 98, 90 on a downside,
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nothing terribly exciting about the
week, uh, which is classic of non-farm
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payroll week or first week of the month.
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Usually it's typically
a consolidation week.
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We saw price come back to in
closing this big downturn.
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And hit the low of this
last up candle here.
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And it comes in the form of.
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100 point 31 and today's actual
high 100 point 31 hit it.
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Dead ringer came back down
middle of the consolidation.
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So we had the middle of
the range essentially.
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Um, Retraded to anywhere down towards
the low end of the weekly range.
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The low here now has cell
stops, uh, near term.
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Uh, but the liquidity rests is
still at this old load, 98 90.
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So again, we'll still be looking for that.
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Uh, we didn't see anything moved
beyond for the buy-side liquidity
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above these candles here.
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Bear shorter block was
able to hold that at bay.
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So we'll look for price to roll over,
going into Sunday and the Monday and
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making a run for that 98 90 level still.
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Okay.
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We have Euro dollar here.
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I have, uh, the, if the data range
look back on the 20, 40, and 60
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day, and you can clearly see.
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Y I'm looking at this area here
must stay above this level.
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And here in the south side, liquidity is
arresting below these candles bodies and
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the buy-side liquidity in all the ranges.
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Now, nothing in the last
20 days, you can see it.
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Can't see anything in the last four days.
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Look back for buy-side liquidity, but
in the last 60 days, this is where.
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Okay.
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So it's very, very easy to understand
that if the date range is when we started
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doing the phone daily basis, you see
where all the liquidity is, where the
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algorithm will look to seek to go to that.
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Uh, we're looking for, uh, again,
we've consolidated a little bit in.
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Uh, still upside objective that
a one to 8 75 to one to eight 80
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level after maybe running through
that 1 0 8 70 old high back here.
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That's what we're looking for.
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Um, nice market structure
here is still pressing higher.
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I still think they're gonna try and
make a run about that high next week.
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So let's look for that on the
weakness on dollar pound dollar,
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again, same thing, 20 day.
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Look back in this first
shaded area, 40 day.
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Look back in the second
shaded area in 60 day.
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Look back by Southern quality
in the last 60 days is.
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Uh, last 20 days, we've already
pierced it yesterday in 40 days.
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There's nothing here except
for this high back here.
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But if it's going to go there, it's
going to most likely go to the last
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60 days, uh, area, right about these
candles bodies, uh, south side liquidity
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rest of below these equal lows.
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As we mentioned, uh, all throughout this
week, ever since this candle, it's a form.
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We had double Lowe's.
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So you're worrying about sell
side liquidity, yourself.
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Stop arresting.
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So we have the cable gave up.
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Its ghost wants running above these
candles, highs and hearing the WIC
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rejected and also running above
these candles bodies over here.
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Didn't quite get above these in here.
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I was hoping to see that, but we
essentially went to the main threshold of
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the last candle right before the download.
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So that is a level that
they get re capitalized on.
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We also had a lot of
economic news coming out for.
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England this week.
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So that was the catalyst for that there.
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So as long as you don't take out the
sell side liquidity here, we could
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still very well come back up and
make one more jab up into that level.
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Um, but looking at the market structure
here, and it's got some work to do to do.
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All right.
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So we have the 20 day, 40 days,
60 day look back for if the data
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ranges last 20 days high in here,
that's where the, um, buy stocks
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would be on a fun level near term.
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We have buy-side liquidity resting
rate above the bodies candle in
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here, except this last up candle.
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And on the downside, we're still
looking for the liquidity, seeing that.
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We're blocked down here at 29 35.
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Uh, tried to get one more time
at attempt to go up today.
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Didn't do it.
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Have had to just basically consolidate.
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And it still looks like it's winding up.
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We have lower highs, but
higher loads in here.
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So we're, we're guaranteed to expand.
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I think we're just gonna drop
down and hit that 29 35 level.
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That's my personal opinion.
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I like to see that, do
that very thing on Sunday.
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Let's see.
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Get down.
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Let's say that on Sunday, it would be very
good to see it gap down and then try to
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make a run for it and bounce at 29 35.
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Be able to look at things a
little more objectively right now.
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It's just, I don't like it going
higher, but I certainly like to
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see it go down to that 29 35.
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So it's unreal realized objective.
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And the 20, 40, and 60, they look back on.
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If the data ranges we can see clearly
now, while the sell side liquidity is
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noted here and the buy-side liquidity
in the last 20 days, none, except for
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yesterday's high, last 40 days, nothing
on the buy side, 60 days, nothing.
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So we had to go outside to the next
level of open float, which would
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be the buy side, liquidity back.
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Okay.
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And this would be your lowest low
in the last 60 and 40 trading days.
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And, but more importantly, you can see the
sell side liquidity resting right here.
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Okay.
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In the means threshold of this last
down candle, which is a bull sorter
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block, that's what you would see.
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Um, if price were to able to come back
down there and we were mentioning that
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earlier in the week, um, probably not
going to happen and the punch higher.
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What about the short-term high did in
fact unfold this week to, uh, to script.
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So that was nice to see that
we're just one PIP short from
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yesterday's high at 76 95 yesterday.
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So I was 76 96.
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So we're inside the, uh, yesterday's
range, nothing terribly exciting about.
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Uh, gold.
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We're looking for, uh,
outside into, uh, 1240.
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That's still potentially going to happen.
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Um, we have just a really small
little, um, consolidation still,
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and we got to watch this, uh, This
last little down candle in here.
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Okay.
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I'd like to see it stay above
that candles opening and make
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a drug up in that 1240 level.
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We were expecting that next week into,
well, it could happen next week or
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maybe in the next week and a half.
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So we're saying scenario,
we're looking for respect to
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this last day on the candle.
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We saw intraday try to come
make a little bit of a comeback.
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Didn't do it.
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00:07:03,930 --> 00:07:10,020
Um, next upside objective
would be 1795 to 18.
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Round number.
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That would take us back up to this level
here and that's it for a Forex folks.
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I'm going to be releasing the two videos.
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First two sessions for swing trading
this week at 8:00 PM, Saturday
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Eastern standard time, New York time.
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And I will tweet them when they are
on, uh, the form for your viewing.
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We will have a live session on Monday.
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The link will be updated.
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Uh, Saturday evening.
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There's a link right there.
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No.
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But, uh, that's going to change because
we have some folks that haven't submitted
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what they need to, and I'm going to be
able to block their access, to get their
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attention by, by changing that link.
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So if you're already registered, um, there
will be a new link there Saturday night.
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Okay.
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So I'm going to wish you a
very safe weekend, take care.
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And I'll talk to you again on Monday.
13063
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