All language subtitles for 031317_ny EN (M)

Remind folks, New York
open pre-market analysis.

Hey, we have a quiet economic
calendar today, so we're not expecting

too much in terms of volatility.

Dollar index has moved below the equal
in here, and we're probably gonna make

a run into the sell side liquidity.

So we have this area, which to
look for lower prices, maybe even

a little bit lower than that.

If we get some acceleration on
the downside, I don't want to

see really too much below this.

I'd like to see them come back up here
and run the buy-side liquidity here.

That way, if we are going to go
lower, or if we are going to stay in

a larger trading range, sideways that.

I feel more strongly convicted
about taking a short dollar trades

or long foreign currency pairs.

If we take out this buy-side liquidity
and then start to come lower because

they know I would make more sense
towards the trade, lower, leaving this

by stock liquidity pool up here just
leaves a big bullseye for the market.

I want to go higher again.

You're a dollar we saw.

I'll reject after making a
higher high in here, cleared

out the equal bodies over here.

Rejection block, seeing looking for 1 0 6
45, 1 to six 50 is a downside objective.

So we'll be watching that today,
um, or going into tomorrow.

That could be a catalyst
for short-term bounce.

If we trade down below the
opening on the March six.

And priced 1 0 6 23.

So we'll just round at 1, 6 25.

If we see that level trade two and
below, um, we'll be looking for a little

bit deeper retracement in potentially
down to the mean threshold of all

these candles in here using the body's

pound dollar.

Now we saw a little bit of a pop so
far off that 2135 level be mindful

that we do have a small little area.

Structure that we have to consider.

And again, it's a return back
to these bodies over here and

we'll extend it out in time.

As you can see in that level comes in
at 22 60 22 55, 22 65 in that range,

highly sensitive around that 20 to
60 around number though, just be

mindful that maybe all is looking for.

Uh, we could be seeing a small little
retracement, you know, another leg lower.

If we're going to go back up and run those
by stops on the dollar index dollar CAD.

Um, this one here is a
little sloppy where it's at.

It's come up and closing
the fair value gap.

I'm really not sure what we're going
to bounce off of in here, if at all.

So I want to be on the sidelines
for this one a little while longer,

waiting for new information.

We do have a small little
order blocking here in the

form of 1 30, 4, 25 to 1 34 20.

That would also take out
this little WIC as well.

I just don't, I don't
see a lot of bullishness.

There's this right now.

Let's stay on the sidelines
with dollar category.

Okay, Aussie dollar.

Uh, we may be seeing what we talked
about last week, a little bit of a

runoff back into these down candles,
and we're probably seeing another lower

high here, so that could potentially
set up a selling scenario tomorrow.

If we get bullishness on the dollar index
today, or going into Tuesdays one an open,

uh, that could potentially send this low.

Driving us below the short-term low
and down to this liquidity void.

So this could be itself setup
for tomorrow, has to be mindful

that European has traded up in to
the gap, uh, and rejected here.

Okay.

And that's why we're seeing some softness
on the Euro and strength on pound dollar.

Uh, this one can come
back a little bit deeper.

We can come all the way back down to
the short-term high back here, or we

can find some support at this candles.

Coming in at 86 68, which is
rounded up to 86, 70, 86 80 could

potentially also be the, uh, the
level of find some support at.

So it could come down a little bit
more than we're at now, maybe 40 pips

or 50 pips mark from where we're at.

Again, again, this one here also.

I think it's just one-on-one to
chop sideways and then maybe make

one more attempt to run higher.

I like to see this parents
stay in consolidation and fail

to break down below 1 14 30.

So as long as we're staying above 1 14
30, this pair still remains bullish for

eight run above the 1 18 80 to one 19 big.

And again, we're staying sideways,
$4, a Swiss, not a pair of we're

looking to trade for right now.

Gold.

We could see this metal trade up into
these bodies that are here 1225 levels.

So we can see a trade back up to that.

Doesn't have to get up to this last
up candle and we could end up being,

seeing a selling scenario, taking
us below the short term, low silver.

Um, I like what we're doing in.

Uh, I want to see it, uh,
um, fail to get above.

If we do, we could see a trade up to the
1740 level, 1745, and that could be a

potential area to look for some weakness.

There's a small little gap
as well in that area as well.

This scandals low 1744, and
this candle's high 1727.

So in here, come.

Fill that area in here and also hit this
previous bullet shorter block should

act as a inversion level and maybe
make a run below this short-term loan.

If we can run out there, that would
give us an indication that it's

probably going to run the cell stops
below this low, after that happening.

And that's pretty much it for today.

Um, there's no real
trades set up for today.

But, uh, we will be looking for things
in conditions that we've outlined today

to give us some potential setups for
tomorrow until then I wish you good luck.