All language subtitles for 022717_r EN (F)

Welcome back folks.

Okay.

We're gonna get the dollar index.

This is the daily on the
left for our, on the right.

We had a nice sell off below.

That means threshold here,
intimidate, but look, we've not

been able to close below it.

Uh, we went below a little
while, then rejected it.

Now it's a little bit early.

It can still do a little bit more
before, uh, the bomb market closes.

I liked the fact that we rejected here.

Um, I said today that in my gut, it
tells me that it wants to come back

up here and clear out these equal
highs or stay in a consolidation.

That's been indicated here today,
intraday and over here on the four

hour, we came down and cleared out
a rejection block rate below these

bodies on these candles on here.

And we right back to
the middle of the range.

So while it's not noted,
I'll mention it here.

And I'll include it in
tomorrow's live session.

And also in our charts time, won't permit
me to do this today, but, uh, the buy-side

liquidity is about these equal highs.

Sell-side liquidity is
below the short term.

Well, I liked the fact
that we rejected here.

Two times we came down, rejected,
came down again and then rejected.

So if we get a higher close.

Than this.

Okay.

And stay above that weekly order
block that we've been referring to

here, it's a weekly bullish order.

Why should we dipped into that two times?

Once, twice.

So at night it would be nice to see
it explode and go up to equal high.

They got the buy-side liquidity out.

Maybe reach up into the one or twos again.

That would be nice.

That would give us a
directional bias for the week.

And it might help us see us break
out of the ranges that we're seeing.

Keep on Euro and, uh, U S CAD.

Alright.

Euro dollar.

Okay.

We mentioned today in the live session
that I didn't feel that this last up

candle rate for this move here would be
representative of a bear shorter block.

I said that because we had
all this passed through.

Here and on this candle here, that
there was no selling indication at

the low of this candle or the mean
threshold that we would move through

and clear out the bodies of these
candles and make a run into these wicks.

If we were going to go up there to sell
off, um, that was a two fold statement.

One, my belief was we were going
to go higher as a result of that.

And if we saw any selling, it would come
only after the heels of this movement.

So we saw price trade through
that, and we had about a 40%.

Uh, above to the high today
and then came back down.

So it's about 40 pips in range.

They're a smaller intraday trade,
which is not inside the scope of our

current session or topic for this month.

But price day, in fact, go
above that rejection block.

And we've seen a reaction intraday,
nothing is indicated they movement outside

of the range here, but I like to see that
dollar index continuously rate that run.

And if that's the case, we could be
seeing a potential sell off in here to

make a one more pass below and here.

And if that is in fact what
we see then the sell side

liquidity will be an objective.

Okay.

So now it's a lot of give and take back
and forth, uh, references cause we're in

a range, but if we get the dollar index to
give us some assistance with our analysis,

that will help us in here, we're trading
inside of a daily bearish order blocking.

We hit that didn't get quite to immune
threshold, but if we sell off here

tomorrow, that would indicate that
we're probably going to make a rundown.

Okay.

Uh, if we continuously move higher again,
we'd have to get above the main threshold.

This last up candle.

Like I said, I mentioned in our
live session today that wouldn't

make a bullish case for the Euro and
I would like that scenario there.

But if we roll over at this point
after seeing what we saw today, that

will be very handsome for downside
projections looking for 1 0 4 big figure.

Alright, cable, small little bounce
filled in a little gap in here.

Small little gap in here as well.

So we could potentially see a
trade up into that 1 25, 20 level.

Again, I'd like to see it, do that in
fact, and then if it wants to go higher

on a dollar, that would be a really
good selling indication for cable.

So watch that this week we could
see a 1 25 to 1 25, 20 as a

selling opportunity for cable.

Again, that's assuming
dollar index does it.

Okay.

Dollar CAD

for hour block here, and price
is making a run potentially above

these candles bodies in here.

And this candles highest

reference point for their body is the.

And it comes in at 1 30, 1 64.

So we're looking for 1 30, 1 62,
1 31 65 to go up inside of this

WIC and then maybe even a run
back above these equal highs here.

So now thinking about what we have,
we have a dollar index with equal

highs on its daily chart, and we have
a dollar CAD chart on a daily basis.

We equal high.

So we have BICE buy-side liquidity
above this area here, and let's

go back to the dollar index.

We have buy-side liquidity here.

We may be making the low of the week today
on Monday, and then looking for a upside

expansion for the remainder of the week.

And that would give us a run
into here for dollar CAD.

So if that's the case, we may have
some things to discuss in regards

to looking for bullish dollar
and weaker foreign currencies.

And that would give a green light.

As we talked about before, if
we get above this low here, that

would be bullish for dollar cat.

All the dollar, uh, having some
struggles at that 77 big figure.

And it'll be interesting to
see if we do see dollar rally.

If the dollar can force the Aussie
dollar down, if it does, and it takes

out the south side liquidity here, this
still becomes a potential swing trade.

The 76 big figure down to 75 95.

So in that area, that's where we're
looking for the next significant

price swing that would be for a buy.

Anything else.

That's going to be a day trade

Euro pound.

Um, nothing really terribly
exciting about here.

We've moved up into,
uh, uh, last up candle.

There's shorter blocks,
nothing terribly exciting.

They're closing a smaller, fair value gap.

I would like to see it, um, really
make a run out of this consolidation

one way or the other, because the
longer it stays in it, the harder

it is to depict the direction.

Cause it could be argued that
we came back up and caused a,

another selling opportunity here.

I don't like that one just yet.

I thought I liked the fact that we came
down below this low, this low in this.

With this move here and we spent
a lot of time trying to go down.

It couldn't do it.

And now we rallied back up.

So I think maybe we need to be
focusing on this down candle here.

It's high as 84, 93
and it's open is 84 71.

So 84, 75 to 84 95 in that area, we had
to start studying that and on a day by

day basis and see if we can get some
kind of return back into that level.

We do the.

Could propel European higher.

And if we get weakness on the
dollar, that would cause a really

strong buy for the Euro dollar.

Gold made a slightly higher, hard today.

Uh, didn't want to see that.

I said, we'd rather see it
consolidate and not do this.

And that's the reason why, because if
we punch above this short term high,

there's gonna be a lot of sellers
and they're gonna want to fade that.

So we have to watch and see
if there's any support seen at

the 1250 level to 1245 level.

It can go down at 1245.

I'd rather it didn't, but
we're at the wait for now.

Um, and see if it wants to get
to that 12 50, 12 45 level.

But that's the next downside.

Objective for support.

Otherwise we wait

silver, same thing just fell short
of 18, 50 level and rejected.

So we might see some, uh, some
downside pressure in here.

You could get down to 18,
10 and find some support.

I don't think it needs to go
back down to 18, but, uh, 18,

10 looks like it's possible.

And dollar yen.

Okay, dialing in.

You can see why I hate
this freaking payer.

I don't see this as a bullet or
a block that I would want to buy.

I like to see this one
down here to be traded to.

We have also, um, a liquidity pool for
sell side liquidity resting below here.

Personally.

I like to see it fall
short of going above 1290.

1 12 90.

I think that should cap it.

If it goes above that, then we're just
going to probably make a run higher.

Um, I'd like to see it fall short
there, maybe this is the Monday,

uh, rally for the weekly high, and
we'll see maybe the Asian session

give up the ghost and trade lower.

If it goes considerably higher, you ended
that may indicate a little bit longer term

bullish stance for the dollar as well.

And this may present a buying
opportunity for the dollar yen right now.

It's too early.

I would move more inclined to see it.

Just rally the sell off to get down
to that 1 10 90 level 1, 10 80,

even, uh, as a weekly objective.

And that's it for today's discussion.

I will be with you again tomorrow at
nine o'clock, New York Eastern time.

And I will speak with you then until
tomorrow we should be looking to train.