All language subtitles for 031017_nfp EN (M)

Good morning folks, happy
non-farm payroll day.

Okay.

We will be on the sidelines, but some
of the things I'd like to have you study

and observe today in about an hour from
now, uh, the non-farm payroll numbers

are gonna come out and cause all kinds
of chaos in the marketplace and the level

we're looking for for the dollar index.

You look at the last two down
candle closes on the daily chart.

It's this candle here.

And this candle here, you blend
both of those bodies together and

you get the main threshold here.

So we'll probably see it on
a trade down to that level.

It could Pierce it a little bit.

It could Pierce it and trade down through
it a little bit, but we are expecting a

potential run above these equal highs up
here to attack the buy-side liquidity.

There's a heavy net long
position on the dollar in.

So there's going to be most
likely a strong, willingness

to send the market up there.

So that way they can book some more
profits from the long positions.

They've assumed that every down
candle here that's been buying.

So there's not going to be any argument
here that it's obvious that this is an

equal high by stocks resting above that
in the form of short selling, because

they've engineered short-term resistance.

So therefore.

I want a short-term basis.

We're probably seeing a lot of retail
minds see this as a topping formation.

So by stops are going to be
building a liquidity pool

for buy-side liquidity here.

So that's our, that's been our
short term objective anyway, the

bodies of these candles, but we'll
probably see that run up there as

a result of the non-farm payroll.

If the opposite occurs and we trade lower,
where we looking for the market to trade.

Mean threshold of this order block here.

Okay.

A sell side, liquidity rests below
the bodies of these candles in here

as noted in the blue shaded area.

You're a dollar may see a drop
down into these two down closed

candles on the four hour basis.

We have equal highs in here as well.

So mostly.

The scenario will be, this will probably
drop down into the order of what could

be the main threshold between the
bodies of the candles blended together.

Ultimately, I think we'll probably
see some support at this level.

And then we'll probably
gun above 1 0 6 30.

Maybe even run even as high as 1 0 6 7.

Up into this, uh, this
section of price action.

It's obviously shown some
willingness to want to go higher.

Euro pound is going ballistic.

It's still reaching up in those
higher levels on its daily chart.

So we may see that short term run on
the dollar to clear out the equal highs.

And then.

That will propel price on
Euro, down to this level here

and then surge it up to here.

And that it looks like this where it would
go up to these levels in here and maybe

reject and trade back into a trading range
that would give your a dollar, the ability

to rally and make a move above 1 0 6 30.

If we lose these two down close to candles
on the four hour, what we returning

back down into the short-term low.

For the determination of whether there's
going to be new buying or if this was

just a small little bounce right before
we take out the sell side liquidity

below the marketplace pound, I believe
we're probably going to see the expansion

this morning, the trade down into our
sell side liquidity fair value gap.

If we see a rally, it should be kept
probably by the close on March 3rd.

Oh, in a four hour basis
about a 1 22 25 to 1 22 20.

That could be a, the level it reaches for.

If it's going to bounce and
trade higher on a weak dollar

dollar CAD, uh, we're holding
consolidation inside of our favorite.

You got from a daily chart.

I think we'll probably
see one more pop up.

And if we lose the short-term
low here, we're going to want to

come all the way back down into.

This candles opening
around 1 34, 15, 1 34 20.

That's the downside support.

Uh, but I think we're going to see
one more drive higher this morning

on non-farm payroll Aussie dollar.

Watch this short term low here.

We may trade up into that one,
the result of NFP, and then we'll

probably most likely get some kind
of a rollover going into next week.

Making an attack on this
small little liquidity.

And that's our objective for
next week for Aussie Euro pound.

Like I said, it's been going up straight.

Let me just show you real quick
daily and you can see there's

our fair value gap up here.

And we also have this gap that
we mentioned this low to this

high we're already in that.

So it's really reaching for that.

So it bodes well for bullshits
on Euro and weakness on cable.

Val Yan has reached up into the middle
or mean threshold of our area that

we've identified as a liquidity pool.

Buy-side liquidity is
being absorbed in here.

I think we'll probably see one more.

Drive-through look to challenge
the height formed on January 19th.

That was twist where sideline
we're not watching this.

Gold, uh, this again, we're watching
for new information and silver, just

one point away from the 1680 level.

I, I mentioned it would probably be
a downside objective for this week.

Nothing again here, if you see
a little bit of a bounce, we

have a fair value gap in here.

One candle producing downside price
delivery, and we may see it run up in

here and we might find some resistance
up here on this short term, low, if we

get any kind of a pop, but ultimately
we're not seeing any kind of a.

You know, return to bullishness yet,
is that meat chopped sideways for a

little while, or continue lower after
hitting the short-term loss resistance.

And that's it.

Folks, I'll see you later on this
afternoon when the weekly recap

and until then, which good luck and
good trading stay on the sidelines.

Non-farm payroll is NFP,
not for professionals.