Original subtitles

Welcome back folks, just a quick review.

And I appreciate your align me to spend time with my wife today for anniversary.

So this will be a brief one, and we'll be back in the swing of things

tomorrow morning at eight o'clock, Wednesday, 8:00 AM, New York time.

Right?

This is the dollar.

Uh, we had outlined the likelihood of the buy-side liquidity

up here, drawing price up.

And if we were to go above this.

We don't want to see it just peak its head above it.

We want to see it drive hard.

It did that today.

Get back some of the gains in here.

So we're still looking for that.

One-on-one 60 level on the outside.

And I said, if we did see this, that would put pressure on the foreign

currencies and make a little bit harder for gold and silver to rally.

But if it failed and tried to go lower, then it would obviously give some strength

to foreign currencies and gold and silver could, could rally and it can be.

Uh, let's go down to a four hour chart and can see the four hour

block here we referenced yesterday.

And the sensitivity of that level, I came back down into a

smaller little order blocking.

And then rally through one more time.

Uh, we had equal highs in here yesterday.

They were looking for, we did run through that, came back down and

one more aggressive, uh, rally up.

I don't believe we're done yet.

I still think that one-on-one sixties most likely where they're

going to have to take price.

So it's going to continue to put pressure on foreign currencies,

Euro dollar liquidity pool resting below the short term loan here

again, disregarding the WIC.

So 1 0 5 10 still is the downside objective for Europe.

And we could see a little bit of a retracement back up into this breaker

right here since the last down can the rate for taking on a short term high?

So we could come back and retest at one or six to one or 6 0 5.

So we'll note that and let's take a look at that on a four our basis.

Okay.

You can see how price didn't dry through.

At one of six big figure level.

We were identifying yesterday and aggressively moved through that.

Okay.

Moving over to cable.

Uh, this pair is cables in a strange, um, price patterns.

A lot of wicks in here.

We've already rejected this order block.

So I saw saying we could stay in this range.

And even though we had some strengths in the dollar, this pair distantly did not

go down low enough for the conditions that we would have otherwise expected to see.

So again, it's holding true to form an idea.

We would probably reach up and take these bodies.

Yeah, it got close to it, but didn't gave up the ghost and one of these

equal highs here, but then rejected.

But now we're still stuck inside this little range in here.

I'm not so sure what it wants to reach for in here.

I think it has more reason to take the buy stops above the marketplace than

any obvious levels on the downside.

Now, obviously we have a rejection block down here.

We have to be mindful of that.

So the open on this candle, that would be the level watch for a 1 23 75.

As downside objectives.

Uh, we have short term low in here.

We did clear out the bodies of these candles and we're holding in here.

So that may be another consolidation and then drop lower.

If we do, we'll be looking for the bodies below here at 1 23 70 $5 CAD, still

reaching lower for that one 30 level.

Um, I thought we were going to get it today.

And then it came back with a really impressive rally and corrections

go into a four hour chart and we'll see that came down into.

This void closed it in nice little reaction in here, mean

threshold respecting of that.

Um, but I think this might be just one more little pop the drive right

below that one 30 convincingly.

So we'll probably watch that tomorrow morning.

Um, Again, it depends on what, uh, what lines up technically across the board, but

even with the strength in the dollar index note, that we did not see an overwhelming

surge and a rally continue on this pair.

As we were noting the last few days, in other words, the pairs is

very heavy, so it's having a hard time getting above short-term high.

All the dollar.

We had an expectation that, that we would probably see the equal

highs in here, rally through, and maybe even reach up in that 77 45.

On the heels of a potential consolidation on the dollar index.

And again, this obviously makes it hard for you to do it on a dollar rallies.

So we're looking for the one-on-one 60 on dollar index.

We did get a little bit of a surge on the Aussie dollar.

The high on the high comes in at 76 95 and today's high offset

intraday came in at 76 96.

So it only went one PIP above and then rejected.

Uh, they look at that on a four hour basis.

Okay.

So we had price, how we were watching this level and here for a potential buy.

It came down, trade through.

It had some sensitivity to his lower little or block here, and that to

assert that, um, Aussie dollar up, just one PIP above the high in here.

And if I'm not mistaken, I think it's this one here.

Still check that.

Yeah, the high 76 96.

So it really just made the same high that you would make another higher high to went

right to the same high and then rejected.

But it's holding its ground pretty good.

Um, it may not be done.

I would have rather seen, like I said, the level down here, much

more secure as a, uh, structure support, uh, 75 95 to 75, then.

Even down to this last little or a block here.

So if you get down at that level, there that'd be a nice swing trade entry.

I think personally, and I'm making a run for that 77 big

figures notice they kept it there.

They didn't take the 77 big figure stops out.

So that's still there in, in potential upside objective for this pair.

All right.

So we have Euro pound have a nice little intraday rally through, uh, try to get

back above the short-term low and let's take a look at that on a four hour basis.

Really nice run a bearish order block and then rejection again.

So, um, it made a nice, impressive intraday showing, but until we get back

above now, these two quasi railroad tracks rejection type, uh, formation

on, uh, the candles, not because of the candlesticks pattern, but because

it was failing to get back above.

It's all low.

So that may be a catalyst for continuation lower, and that

gets us back to the daily chart.

And that brings us over to the level of 83 40, still downside objective on this pair.

So again, let's keep that in mind.

Uh, gold had something about the short-term middle pop.

It moved off this high we were looking for, I was looking for 1 12, 18, 1 12

20, uh, the high, and here's one 12.

Price hit it.

We had a little bit reaction today was nice earlier in the morning, but

we're still looking for a potential move up into that, uh, 1245 to 1250

level closing in that fair value gap.

So unless we lose yesterday's low, we're still looking for higher prices.

I like to see the dollar consolidate from a one or two days, not

make that run for that morning.

One 60 level just yet.

Now it opened up the flood gates for gold to get up to that 1250

level again, it's dollar rallies.

It's going to make it very difficult for gold to rally

silver.

Uh, we had our 1800 level hit.

One more time off the level we were looking for as a

potential buy a yesterday.

Hit it one more time today and a nice little reaction.

So I do suspect we're probably gonna see, uh, Again, the same sort of situation

as it relates to go with a dollar, if the dollar rallies it's going to be

very difficult for this metal, define an expansion of any significance.

So basically we would like to see dollar hold off on its rally and consolidate

for a day or two at its current range on the daily for the dollar index.

And then we could see.

That 1820 to 1830 level on silver.

It could get to 1840, but it's never getting there in the

near term with dollar strength.

So just be mindful of that as well.

All of these still potentially could be a run above that 77 level and recapping.

Uh, we will be looking for one 30 on the.

CAD bear.

And we did have a little bit of a bounce on a CAD yesterday off the level we

were looking for for our order block.

Uh, that level comes in at 24 90 and the high comes in at 25 45.

So about 50 pips or so nice little bounce off of an intraday level, fail

to get to the level we were looking for.

But nonetheless, it's something that, uh, you know, gave us something to

study and give us some price movement.

And then obviously the, uh, the dollar index did in fact search higher to

that directional bias of 1 0 1 60.

So that's going to close it for today.

Again, we'll be back at it tomorrow.

Live session, uh, 8:00 AM, Wednesday, New York.