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Welcome back folks.

This is a review for
Monday, January 30th, 2017.

Okay.

We had the level 101 in mind
is, was demeaned threshold.

Last down candle in here.

Middle of that candle brings
us at 1 0 1 thereabouts and I

rounded it to a one-on-one level.

Today's high.

Interestingly enough came
in exactly at 100 point 99.

And then a rejection.

So that bodes well for actually cleaning
out the bodies of these candles here.

Cause we tried to wick once, twice
higher high Sunday, we tried to

start a trade, little bit lower.

Um, we try one more time to go through.

Couldn't do it.

And retraced now I've liked this to me.

It bodes well for the rollover
into that 98 90 level.

We're looking for down here.

This would be blowing out the cell
stops below here and retreating

back to an old March structure.

And closing in the fair value gap
that would be placed on the market.

Only seeing buy-side delivery,
nothing on the south side yet.

So, um, it certainly looks like
it wants to do that this week.

Um, so we'll see if it does.

In fact, PNL

Euro dollar did make a run below
the mean threshold again in

here rather significantly and
deeper, but it rejected again.

So I'm not sure what.

If we're going to stay in a
consolidation between the lows over

here and the highs while we work
out, what the dollars going to do.

Uh, but it certainly is not indicating
it wants to go lower every time it does.

It quickly comes back above
that want to 6 65 level.

So unless again, we close below here.

It's to me, looks like
it's just running starts.

We had a short little short-term.

And price stayed.

Coband below that the more significant
cell stop area to me was below over here.

And it didn't get down to that.

It got real close to it, but it
worked just below these candles

bodies, just by pepper to below
here, and then we reject it.

So I'm interested to see what we do.

Today's close.

I want to see it close above
here, and then try to make a run

above that one or seven 60 level.

If we make one more attempt to go
down below, I think we'll probably

give up the ghost and make a
run for the sell side liquidity.

We're here now with the, to hold on the
bearishness on the dollar for near term

British pounds.

We did see the level
that we were watching.

Uh, finally giveaway.

I certainly think it's
going to be closing below.

This low today or this level,
rather let's draw that out in time

so you can see the, the aftermath.

And to me, it means we're probably
going to have to go back down to

that 1 24, 23 level, which I didn't
want to see that happen because we

already traded through on this candle.

We open it and trade it down to it
and rejected that's enough for me.

Um, It may have to go back down to 24, 23,
and then maybe even down to this last down

candle, which would be a bullet or a Bach.

And the reason why I say that is because
we've already been to this level.

Once it might want to run through 24
23, and we have to be watching the,

uh, 23 89, 23 90 level, essentially 24
big figure, 2390 as downside on case.

Unless we completely wick off of this
and reject and go completely the opposite

direction on Tuesdays on an open, which I
don't see that in the cards here, dollar

CAD, a mixed bag today, consolidation.

It started to show some willingness
to want to go back below 1 30, 53.

We're looking for a mood below 1 30 50 to
get down to the 29 twenties to take the

cell stops out below these equals this.

And this low and then making a run
into that 29 35 bull shorter block.

That's an extra downside
objective in here in here.

I just don't see anything that
would warrant bullishness.

I'd still think this
pair is a little heavy.

So dollar cats to look for lower prices,
Aussie dollar, still chopping wood.

It's in the middle of a consolidation.

Again, this is all about what
we've been talking about for

this particular payer brick wall.

It held back any upside potential for
this pair and downside just doesn't

want to take any cell stops out.

So we're stuck inside of a fractal,
uh, this high and this low.

So until we get out of this area,
we've got to let smart money

tell us what he wants to do.

We are not trying to pick a
direction while it's like this.

And you're a pound.

Give us a nice little pop.

We were expecting after taking the sell
side liquidity out of the marketplace,

we were looking for potential run
up into the buyers of these candles

and, or mean threshold of this last
down candle rate for this move up.

So let's put that on a charts.

Sorry.

Levels you can see equilibrium is
exactly where we're at right now.

We went just a little bit above
it here, but that's what we

saw as an outside objective.

And then if we continue up a
little bit, we would have to

look for the low on this candle.

86 32.

So 86, 30 to 8, 6 35.

Upside objective.

If we continue the roll through, that
means if we see continued sliding on

pound dollar and Euro stay sideways
or firm, or starts to trade higher,

that would give this pair some room to
rally up and continue its retracement.

Uh, that's it for today,
children, I'm going to.

See you all tomorrow in our
last live session for January.

And then tomorrow, before the
live session, I will be adding in

tweeting the confirmed link for
January's contents study notes.

So it's a lot of notes.

This is not focused.

Just prepare yourself as a lot of
things that you need to go through

and make your own notations on top
of what I've already supplied to you.

And I will wish you all a good day.

And like I said, I will be
with you tomorrow at 10:00 AM.

Time look for the link underneath
this link posted in the Monday

content for our forum, and you'll
see the registration link for January

31st, 2017 live session till that
wish you good luck and good trading.