All language subtitles for 11. DXY Consolidations, Exotic Pair Protocol & Relative Strength Analysis

Soy-free stir final lesson of Core Concepts

Which is dxy consolidations

Dxy consolidations went to trade those exotic Paris and how to do relative strength analysis

When the dollar Index consolidates

Smart money will allow the crosses to move

I want this happens we look at those

Individual currency Futures charts

And we can compare the following

Strong versus a weak currency

Strong versus tank

Consolidating currency

And a weak forces

Consolidate

Now when is it most likely that the dollar Index

Will consolidate

When is Seth a colibrium of a hard time frame range

When we have

High impact news late in the week and none early in the week

Three major high-impact US news events such as nfpc Pi or fomc

In Lowman session when the Asian session was extremely large

And then in New York session when London session was extremely large

Now that we know when the dollar is likely to consolidate

We can start looking for signatures and price

To tip his hand to us that consultation is about to occur

Now credit to Braveheart

For this Candlestick understanding

So how to anticipate

Consolidations

With Insight ranges

This is fractal

Canby applies to all

Time frames

So far we've got our first Candlestick right we've got a

Open

Hi-Lo close

Over here

Next Kendall is an inside bar right so on this one we don't take out

What's previous daily High nor do we take out previous daily low

Right

So our first candle now becomes our inside Range High

And inside range low

That looks sound

Something like this

The next scandal

Needs to take out either too high or too low of the inside range candle

If it does not

Then we can anticipate a longer-term consolidation

So now the Stuart Kendall feels to take out that inside range high or low and then we can expect a

Extended consolidation 2

Locker

Non-example on the Candlestick chart we've got that u.s. dollar index over here daily chart

Over here with co-star

First

Kendall Wright

Closing

Inside this preview scandal

So now we've got a inside Range High and inside range low form

Which looks something like this right

Mexican needs to take out the inside range high or low

A failure to do so will result in an extended consolidation

Over here we can see that

Thirst campbellfield to take out the inside Range High or death inside range low

No we can expect a text

Consolidation

We can look for those exotic bears

Are you Siri

How long

Consolidates rise we still staying inside that inside Range High

Or inside

Strange low

If this why is consolidating on the daily chart we need

A daily draw liquidity or directional bias for the

Individual currency

However if Dick's wise consolidating on an hourly charge for example

For an intraday play

Then we only need to look at the intraday 1-hour drawn liquidity for those individual currencies

So despite consolidating

Then we analyze individual currency Futures chart

And then we compare one of the three options

Recoverit in those previous lights

Sophia we can anticipate

That extend consolidation tricycle got Monday's high

Is the inside

Arrange high and in Mondays lowest inside range low

The third candle feels to take out that range

Advocacy

Expense

To Thursday and Friday

Consolidating

And I'll just look like a one-hour charge

Well

That's one big consolidation

So now we CDs why is consolidating now we need to look at the individual currency Futures charts and matched

Those two currencies with one of the

The following of three carteria

Now again to remind you

The options are

Strong versus a weaker currency

Strong versus a consolidating currency

And then a week versus a Consolidated currency

And alternatively

Winn-Dixie consolidates

We can also

Trade Euro TV.

It's a cross which moves when dicks why is consolidating

Sophia we got a Canadian dollar Futures chart

Over here

Starts that consolidation right on Dixwell

We're going to focus on that Thursday

And Friday

Price action

We are in

Premium of the range

We are forming a

Bailey Parish Water block over here

Abacus

Thursday and Friday

Is reacts

Pinglehead Bears order book ever

Continuing down

Interdiscount which is the troll liquidity

Zooming in on that one hour charts right of intraday chart

And we know after Wednesday

The inside range is still holding on the dxy

We can expect Thursday and Friday

To be good movers for those exotic crosses

So we see that

Canadian dollar Futures chart of air

We are embarrassed overflow

We have sell-side liquidity down here

In discount are drawn liquidity

And we're going to be focusing

On Thursday and Friday for this one

So we know

Canadian dollar Futures is bearish

Not if we identify that bearish currency in Disguise which is the Canadian dollar

We need to Ramesh this with a bullet currency or a consolidated

Sing currency

So over here we've got the euro

Futures George Wright the daily chart we can see it's consolidating right now

On Thursday

Friday as well so we're going to match up that

What's bearish currency which is the Canadian dollar with a consolidating currency

In Disguise the euro

Hope you have got the one hour chart that we speak

Clearly see this is a consolidating currency

So Dick's why is consolidating now we've got our exotic pair protocol

Theraplay bullish currency with a bearish currency or a Consolidated currency

A up a bearish currency with a bullish currency or a consolidating currency

Now we're trying to find the cross right so we had that Canadian dollar chart

Which was bearish right and aware that eurocharged

Which was consolidating now we've got

Euro against the Canadian dollar fared up Sr cross

And Euro is consolidating

So it's moderately

Two extremely bullish in this case Euro Canadia

Dollar

Sofia ever get that Euro Canadian dollar daily charge right we found out rxotic pair protocol

I'm going to go with this pair

Over here we're sitting in discount over here we got this daily bullish order

And that mean threshold of that daily

Bulleh Shah Roblox

Is being held

We are in Descanso

It's likely that we're going to draw in

Into premium

Think about the wrong liquidity right is above here with those biceps

And one day do we want to focus our attention

We know after Wednesday the thief's why was

In an extended school solidation

So Thursday and Friday is highly likely to be a good mover for those exotic pairs

So

Monday Tuesday Wednesday right

So I got we also got a swing low Farms here right on that

Tri-level think about that previous lesson about daily swing highs and lows right

Performing at the key level

And then going to focus on day number for Wright and a number five which is

Thursday over here

Running those previous daily highs

So very forgot their 1 hour charge for Euro Canadian dollar we know are drawn liquidity is on the bicep

And we're going to focus on Thursday and Friday again right because we know after Wednesday

Digsy is consolidating

Folks are attention

For finding a buy setup for Euro Canadian dollar

Now without annotations

We can see this chart going into bullish order flow but with annotations

Confined

Set up

Rides with our understanding of the Open high low close and open low high close of the daily candle

Right at Power Street

One of your buyer below

Midnight opening price

You can actually see this

Bullish waterblock formed over here

Is being held

The price drops

Below deck midnight opening price to accumulate

Those long orders and then

Go to YouTube push-up into our drawer liquidity

And even on Friday we can focus on this again

We drove down a little bit

Forming a high resistance liquidity run down here right we take out this candles low

Over here

So we have death on our side of structure

Then I push or Blokus being

Reformed

Advocacy

Those downloads camels are supporting

Price to go up

Higher-end

Eventually into are drawn liquidity

So now how do we make sure we have the strongest or the weakest currency

We can compare closely correlated Paris against each other such as

The Euro against the pound right Euro GBP

Or Australian dollar

Versus the New Zealand dollar which is audnzd

If we know you're a cat is likely to be bullish from our analysis of the individual Futures contracts

We can then

Compare Euro to GBP

To compare which is stronger between the Euro and the pound

And then we have

Pic of the absolute best bear to trade

So if

Euro GPS polish than the Euro stronger than the pound

And then the next lies will see

The gyro gpp was indeed bullish

So you're a cat is

Better lungs than gpp cat

As mentioned as option number 2 for the Exotic pair protocol when Peaks why is or is likely to go

Consolidate

We can try to urogpo on its own

Hazard will now be volatility in the crosses and clean price action moves

So one money leaves one market it goes into another Market

So over here we put 80 British pound daily charts right so we're going from

Internal range to external range right

So Scott that they leave early get over here in discount

We've got our premium levels up here

And then that external range liquid the biceps

Now we know

Cause of death inside range on Dix why right at Monday

Monday Scandal has not been violated by Tuesday and Wednesday

We expect

Dick's bicycle sold eight further into the week so we're going to be focusing on again on that Thursday and Friday Scandal for

Euro gpp

Sophia of going into a intraday chart we've got a 1-hour chart for Euro British pound to get a market

Bimodal

Original consolidation

Appear right

You could sell Seidel to curve until we hit that key level right over here that discount for Villi give on the daily chart

With these white consolidating

Early in the week and extending further in the week

We can focus on Thursday

If Friday Scandal expansion up higher

Into dos external range liquidity by stoves

So how does that look like

We outline our New York midnight opening Priceline as always right we want to be a buyer below this line

The Cellar above it

And it is station we're going to look for bicep so we want to be a buyer below.

Is there any pra supporting our idea for this by

Yes we've got this foolish order book over here right

The mean threshold of this bulshada block of here is supporting price up higher

Right and we continue our place into

Buy stops so over here

Again New York midnight Priceline right we drop below

Hitting the discount array

And that we can focus on boys even on Friday

Over here because that's orderbook formed

At the middle of the day right around handle new obsession

Price is still being supported

Because we are on by side of the curve right we want to see those down close candles

Sport price action into higher prices

Which happens over here

And then again on the next day Friday

We have this Buddhist Autoblog formed over here

Agency price action is moving away from it

And eventually we clear out those external race liquidity by stops