Original subtitles

Kathleen folks.

Welcome back.

So weekly review for the Forex market, this is the daily

chart for the dollar index.

Okay.

So we had the washout of the low here on this day.

We were watching for, uh, we watch this for about a couple of weeks.

Now.

I finally got below the bodies of these candles and below the

consolidation was seen here.

Uh, we did go below the line.

Just buy one candles, WIC.

Uh, we still had an objective and it's still may very well

be in the cards for next week.

Uh, just doesn't appear it's going to be happening this week.

Uh, we were looking for a weekly objective of 98, 90 on a downside,

nothing terribly exciting about the week, uh, which is classic of non-farm

payroll week or first week of the month.

Usually it's typically a consolidation week.

We saw price come back to in closing this big downturn.

And hit the low of this last up candle here.

And it comes in the form of.

100 point 31 and today's actual high 100 point 31 hit it.

Dead ringer came back down middle of the consolidation.

So we had the middle of the range essentially.

Um, Retraded to anywhere down towards the low end of the weekly range.

The low here now has cell stops, uh, near term.

Uh, but the liquidity rests is still at this old load, 98 90.

So again, we'll still be looking for that.

Uh, we didn't see anything moved beyond for the buy-side liquidity

above these candles here.

Bear shorter block was able to hold that at bay.

So we'll look for price to roll over, going into Sunday and the Monday and

making a run for that 98 90 level still.

Okay.

We have Euro dollar here.

I have, uh, the, if the data range look back on the 20, 40, and 60

day, and you can clearly see.

Y I'm looking at this area here must stay above this level.

And here in the south side, liquidity is arresting below these candles bodies and

the buy-side liquidity in all the ranges.

Now, nothing in the last 20 days, you can see it.

Can't see anything in the last four days.

Look back for buy-side liquidity, but in the last 60 days, this is where.

Okay.

So it's very, very easy to understand that if the date range is when we started

doing the phone daily basis, you see where all the liquidity is, where the

algorithm will look to seek to go to that.

Uh, we're looking for, uh, again, we've consolidated a little bit in.

Uh, still upside objective that a one to 8 75 to one to eight 80

level after maybe running through that 1 0 8 70 old high back here.

That's what we're looking for.

Um, nice market structure here is still pressing higher.

I still think they're gonna try and make a run about that high next week.

So let's look for that on the weakness on dollar pound dollar,

again, same thing, 20 day.

Look back in this first shaded area, 40 day.

Look back in the second shaded area in 60 day.

Look back by Southern quality in the last 60 days is.

Uh, last 20 days, we've already pierced it yesterday in 40 days.

There's nothing here except for this high back here.

But if it's going to go there, it's going to most likely go to the last

60 days, uh, area, right about these candles bodies, uh, south side liquidity

rest of below these equal lows.

As we mentioned, uh, all throughout this week, ever since this candle, it's a form.

We had double Lowe's.

So you're worrying about sell side liquidity, yourself.

Stop arresting.

So we have the cable gave up.

Its ghost wants running above these candles, highs and hearing the WIC

rejected and also running above these candles bodies over here.

Didn't quite get above these in here.

I was hoping to see that, but we essentially went to the main threshold of

the last candle right before the download.

So that is a level that they get re capitalized on.

We also had a lot of economic news coming out for.

England this week.

So that was the catalyst for that there.

So as long as you don't take out the sell side liquidity here, we could

still very well come back up and make one more jab up into that level.

Um, but looking at the market structure here, and it's got some work to do to do.

All right.

So we have the 20 day, 40 days, 60 day look back for if the data

ranges last 20 days high in here, that's where the, um, buy stocks

would be on a fun level near term.

We have buy-side liquidity resting rate above the bodies candle in

here, except this last up candle.

And on the downside, we're still looking for the liquidity, seeing that.

We're blocked down here at 29 35.

Uh, tried to get one more time at attempt to go up today.

Didn't do it.

Have had to just basically consolidate.

And it still looks like it's winding up.

We have lower highs, but higher loads in here.

So we're, we're guaranteed to expand.

I think we're just gonna drop down and hit that 29 35 level.

That's my personal opinion.

I like to see that, do that very thing on Sunday.

Let's see.

Get down.

Let's say that on Sunday, it would be very good to see it gap down and then try to

make a run for it and bounce at 29 35.

Be able to look at things a little more objectively right now.

It's just, I don't like it going higher, but I certainly like to

see it go down to that 29 35.

So it's unreal realized objective.

And the 20, 40, and 60, they look back on.

If the data ranges we can see clearly now, while the sell side liquidity is

noted here and the buy-side liquidity in the last 20 days, none, except for

yesterday's high, last 40 days, nothing on the buy side, 60 days, nothing.

So we had to go outside to the next level of open float, which would

be the buy side, liquidity back.

Okay.

And this would be your lowest low in the last 60 and 40 trading days.

And, but more importantly, you can see the sell side liquidity resting right here.

Okay.

In the means threshold of this last down candle, which is a bull sorter

block, that's what you would see.

Um, if price were to able to come back down there and we were mentioning that

earlier in the week, um, probably not going to happen and the punch higher.

What about the short-term high did in fact unfold this week to, uh, to script.

So that was nice to see that we're just one PIP short from

yesterday's high at 76 95 yesterday.

So I was 76 96.

So we're inside the, uh, yesterday's range, nothing terribly exciting about.

Uh, gold.

We're looking for, uh, outside into, uh, 1240.

That's still potentially going to happen.

Um, we have just a really small little, um, consolidation still,

and we got to watch this, uh, This last little down candle in here.

Okay.

I'd like to see it stay above that candles opening and make

a drug up in that 1240 level.

We were expecting that next week into, well, it could happen next week or

maybe in the next week and a half.

So we're saying scenario, we're looking for respect to

this last day on the candle.

We saw intraday try to come make a little bit of a comeback.

Didn't do it.

Um, next upside objective would be 1795 to 18.

Round number.

That would take us back up to this level here and that's it for a Forex folks.

I'm going to be releasing the two videos.

First two sessions for swing trading this week at 8:00 PM, Saturday

Eastern standard time, New York time.

And I will tweet them when they are on, uh, the form for your viewing.

We will have a live session on Monday.

The link will be updated.

Uh, Saturday evening.

There's a link right there.

No.

But, uh, that's going to change because we have some folks that haven't submitted

what they need to, and I'm going to be able to block their access, to get their

attention by, by changing that link.

So if you're already registered, um, there will be a new link there Saturday night.

Okay.

So I'm going to wish you a very safe weekend, take care.

And I'll talk to you again on Monday.