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Good afternoon folks.
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This is ICT with a market
review for October 25th, 2016.
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Can we have the dollar
index as a daily chart?
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And today it certainly appears that
we did at least make an attempt
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to make an intermediate term high.
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Oh, we had nice to push above
the 99 big figure up here.
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Today's high was at 99, 12 on this feed.
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And we have a little
bit of a range in here.
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Not so much, that would be terribly
exciting, but I think, uh, the fact that
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we made the hire high today I'm rejected
and let's go look at a four hour chart.
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Assuming that a little bit on that.
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Uh, you see, we had consolidation in
here, the market rallied up and then
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immediately rejected that 99 big figure.
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Uh, so we may need a little
bit of a retracement and going
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forward the rest of this one.
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And if that's the case, uh, we may
see some upside on cable and if we
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get somewhat of a deep retracement,
uh, we have a nice liquidity pool
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resting rate below these lows in here.
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Can ticket send us down
into that 97 50 level?
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Um, it w it could still retrace this far
and still hold on to a healthy uptrend.
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It's not that we would be
negating anything by doing that.
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Now we made new ground at 99 big figure.
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We had another drive lower
than this swing low here.
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And I like how we
rejected that real quick.
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We do have a small liquidity pool
resting above these equal highs in here.
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And we're gonna take a
look at that as well.
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Um, that's in here and it's basically
essentially the same one we had
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back here was going to pilot a here.
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I liked the fact that we came down
clear the bodies of these candles here.
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Even the wick got whipped
right through it today.
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And if we zoom into an hourly
chart and you see it's been,
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it was a nice rejection.
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I.
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We do have small liquidity, poor above
here and above these highs as well.
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So we're going to look for 2250 as an
upside objective going into tomorrow.
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And obviously we created a void here
and we immediate came back up into it.
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Uh, if we get back the low 1, 21 40, okay.
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1 21 40, which is the midway point of
this down candle on an hourly basis.
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We don't want to see 1 21 40.
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If we do, and we still are back
in the same area or expectations
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looking for lower prices, but we
may end up seeing a run higher.
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And if that's the case that we're
probably looking for a 2335, the
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run-out on the weekly objective.
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But again, if we lose 2140, uh, that's
puts us in line with back down below the
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one twenties and going into, uh, one 18.
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So pretty well day on
cable that's for sure.
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Dollar CAD.
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Uh, it was pretty much mixed day and
we'll look at a 15 minute chart and Z day
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formation, uh, up, down, back and forth.
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So it's the classic Z day
formation author profile.
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Real quick show you what that
looks like when you see it's pretty
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much what's been described in
terms of intraday templates, Euro.
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Uh, we had a little bit
of a rejection as well.
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Um, I still think this, this liquidity
pool is in, in striking distance.
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Uh, we did break down rather
aggressively in here so that we could
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maybe see a return back end to that
one to 9 51 to 9 55 level, and then
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maybe classic support resistance
ideas would come into play there.
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I don't know.
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We'll see.
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But a one hour chart for the
Euro, uh, show it as well.
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Another rejection below
these equal lows in here.
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Cleared that out over here,
you can see and came back above
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the initial London session.
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Hi, um, I don't have a whole
lot of bullishness on this pair.
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I do suspect that they're probably going
to want to drive cable up and whether
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or not we get a low risk entry to do so.
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I can't guarantee that no one can,
but I'll be looking certainly to see
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if that's in the cards for this week.
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If I can get a trade
that sets me up a bar.
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That would give me a run into that
1 23 35 level as a low resistor.
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This is liquidity run.
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I would certainly try to do that,
but, um, until it forms, I'm going to
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sit on my hands and wait, but that's
what I'm looking at right now, guys.
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So until I talk to you tomorrow,
which could look angry,
6482
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