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Got new folks.
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Welcome back.
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Okay.
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We're looking at the dollar index.
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You see, we have one more attempt to
push below yesterday and Monday's low.
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Um, pulled back back to these
equal bodied candles over here.
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The bodies of these four candles.
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We've moved down several different
times now, and we still have sell
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side liquidity resting in the
form of south hospital here, and
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we have a little bit longer term.
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Market structure, reference point, which
would be this swing high back here.
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So you can see that, uh, we have a little
bit of downside still on the cards.
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Potentially their price has
to stay below for the bears.
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They have to stay below the
middle of this down candle.
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That's the main threshold of.
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Bearish Kayla used to
be a bull shorter block.
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So now price has to stay below that.
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We trade back above it.
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We will be looking to take the buy stop
above the bodies of these candles in
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here, Euro dollar saying significant,
uh, stalling on the part of Euro as well.
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Just the reverse image of what
we saw in the dollar index.
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Essentially.
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We're not being able to see
much movement above these equal
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bodies or these candles in here.
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Uh, we still have buy-side liquidity.
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I think if it wants to run above
this WIC, uh, be most likely what
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it's going to try to drive for next.
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If it continues up at all,
it has to stay above the main
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threshold of this down candle.
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So I don't know.
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What's the middle of this down
candle bulls have to maintain buying
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pressure above that 1 0 6 65 level.
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And then below these candles bodies
in here, there's for the next
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area of sell side liquidity rests
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on cable.
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We got lucky again.
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We see the buy-side liquidity outlined
for the last several weeks, a 1 25
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95 and 1 26 big figure was hit, uh,
it spike through to 1 26, a 1 26, 29.
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So we eyeballed mean
threshold on this down candle.
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This habit up here again, 1 26 37.
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So we have just a little bit more
to go back, eat more pips, and
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we would hit the mean threshold.
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Bearish water block or bullish candle
right before the down move in here.
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If we can see continuation on the
upside again, we're looking for
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the buy-side liquidity above these
equal bodied candles in here.
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Okay.
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So by stops are resting
just above 1 27, 27.
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Next upside is 1 26 35, the 1 26 40 and
mid figure 50, um, south side liquidity
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rest of below these candles in here.
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You don't want to trail
anything in here yet.
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Again, it's just simply not something you
would be doing on this daily timeframe.
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You wanna keep yourself a little bit
farther away from the marketplace
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and allow some movement against
you if you're position trading.
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But again, we're eyeballing at 1 27
27 level for upside objectives, dollar
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calves, continuing its slide off of
the impressive reaction we had at the
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mitigation block mean threshold rate.
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Laser guided position.
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Awesome.
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Awesome.
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Awesome.
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Always from the sea that we have equal
Lowe's in here, we've been talking about
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this for about a month and a half, and
you'd see that, uh, that would be a
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obvious level where retail would have
their sell stocks resting below that.
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They're going to see that as
a double bottoms, therefore
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it's a supporting price.
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So that's where the sell
stops are going to be resting.
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We're going to be looking for
a market drive down below that.
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And the next area to consider is 1
29 34, or basically 1 29 35, which is
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the last down candle rate for the up
move, which is a bullet or a block.
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So that's what we're looking
for for dollar CAD, all.
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Uh, we mentioned this yesterday
in the live session teaching.
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Um, the reason why I wasn't much
more gung ho about the higher
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prices on Aussie dollar was 75.
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He was the level I was looking for.
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It's only gone all about
30 pips above that.
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Uh, it nailed right in
the middle of this body.
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And this body here also is a breaker in
here and last down candle liberate for the
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up move that takes out a previous high.
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So this bear Spreaker.
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We treated rate back up to it here.
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Yes.
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You got to cut through the candles
to see it, but nonetheless, that's
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all building more storyline behind.
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Why all this wick, this body in its WIC in
this body, it's all been treated several
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times in this range that shaded in red.
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And like I said, it's kind
of like, like a brick wall.
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And you saw that today.
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You just simply couldn't
find a way to get higher.
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So it had to sell off a little bit.
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All the buyers were just making.
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Losing hope and profit taking these coming
in, uh, privacy has to stay above this
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low and here is the sell side liquidity.
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We've already seen this order
block capitalized rate here.
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So we're not looking for any
of the bullshit on that level.
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Not that it can't, it can, but it's
probably not going to do so this high
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on the curve and the numbers were
way too high in the premium of the
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range between this high and this low.
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So it's more likely to
consolidate in here.
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Then it is to shoot straight up.
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Now I can do that and
make me look like a fool.
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It wouldn't be the first time, but,
and here, as far as an executable
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trade, I just wouldn't want to touch
Aussie dollar, right where it's at.
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And finally, Euro pound with the
stalling on the Euro dollar, as
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we were discussing in sympathy
with the stalled dollar downloads.
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We're seeing that strength
in cable and that's going to
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cause this pair to see a rally.
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Um, I mean the Euro's stuck sideways
and pound is rallying as essentially
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the same thing as Euro dollar going
down against the British pound.
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And it's going to cause
a Euro pound to habits.
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Nature.
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As we see here, we have south
side liquidity mapped out here.
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You can see the bodies
of the candles noted.
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That's what we are highlighting here.
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So this is where the cell stops arresting.
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As we continue to slide through
that we will be looking for and
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making a run down into the cell.
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Stop liquidity, the that 83 33 25 level.
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That would be next considerable
downside price move for this.
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And that's it.
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Folks.
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We have a live session tomorrow at
10:00 AM, Eastern standard time.
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That's New York time.
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I see tee time for you
folks across the pond.
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And if we are able to get through
the session tomorrow, which
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is what I'm hoping, because I
have a lot of teaching still.
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I have to finish before
Friday's 8:00 PM deadline.
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I will appreciate your
cooperation in that regard.
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So I'm not going to have a lot of
question or interaction tomorrow.
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It's going to be pretty much
short, sweet, and to the point
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where the cupboard market action.
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And until then, I wish you good luck.
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And.
10951
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