All language subtitles for 031517_fomc EN (M)

Okay folks.

Welcome back here.

We are post FMC.

We mentioned there was going
to be a probable run on the

south side, liquidity over here.

If it was the breakdown, we cleared
out those lows and now we're just

pulled off the low at the barn.

Close.

Yeah.

Granted, it was a pretty significant
intraday move, but notice how it's

pretty much respected this range here.

So the range is defined

is this, and I don't want to get too
far ahead of myself and assume just

because we had this big breakdown here,
$1 that we're now going to be both.

We could have just easily came down,
taken out this cell side liquidity

pool, and maybe start to turn the
corner on Thursday, Friday to make

a run on the buy-side liquidity.

So you have to be mindful that nothing
has no ironclad, just because we

had a big intraday move like this.

Just think of what we saw or what
non-farm payroll, you know, all the

pairs were smashed down against the
dollar, but look where they're at

today as we go through the chart.

So we have to take not everything
on the basis of one single day.

You're a dollar.

Uh, we said that if we would see the
weakness on the dollar index, that we

would see this high ran out, it did that.

Uh, but again, we have just
a rather large trading range.

These loads down here, and this.

And today's high.

So if we add

right here, the only thing we've
done is this retested, the whole

trading rains that we're in.

Okay.

There's not been any valid
breakout to the upside.

There's been a movement lower.

All we're doing is reacting
off of the middle of the range.

So again, it'll be interesting to
see on Thursday, Friday, if we're

able to see continuation whenever.

Um, if we do, then that's wonderful
because then we'll be able to see some

seasonal tendencies come into effect.

But if it doesn't, it just means
we have to go right back into

thinking like we're in arrange again.

And that means fading
rallies and buying old lows.

I mentioned this morning that if we
saw weakness on a dollar post FMC,

that we would see these candles
equal, already candles ran out and

1 23 was the target and today's.

Hi, it's 1 23 3.

Okay.

Um, I like the fact that we didn't
get down here and clear out any of

this because it shows a willingness
to want to still trade higher.

Um, I think even if we do see the
dollar index go higher, we still could

probably trade up one more leg up
and get into these loads over here.

And that will come in the
form of 1 23 41, 23 35.

So a little bit of a range still left.

We might see that happen on Thursday
going into Friday, but we'll see.

Okay.

Dollar CAD.

I gave you an idea.

If we saw weakness on the dollar where we
would probably see dollar CAD trade too.

Again, this is a weekly objective, so
it's not like we're trying to see it

happen today, but man got real close.

Didn't it?

A 1 30 30 has been
violated easily through 33.

So we're still looking for further,
further downside objective $4

Katniss pair actually still
might go down to this level.

Even if the dollar index wants to
turn around, I might want to see

this a trade to this level here.

It just needs to be rebalanced
only small little, uh, fair

gallery gap or liquidity void.

Whichever one you want to look
at in terms of the timeframe, but

here we have a fair value gap.

So that may be still the downside of.

Any upside should be limited by the
bodies of these candles in here.

And we'll give you that in the form of
1 30, 4 42, 1 34 45 in that area, that

should be a short-term resistance level.

So if we get some kind of a retracement
higher that's one to look at the

other one is over here because
this is market maker, cell profile.

It was consolidation.

Price moves away.

And we accumulation smart
money reversal, low risk.

So I'm not going to say lower scale
today because it's FMC, but then.

Uh, price, they break down.

We broke this old level of market
structure so we could see it

rally back up to one thirty,
three eighty one thirty three.

We'll call it one thirty four.

Big figure could do that as well.

So 1 34 should provide resistance.

If it gives away.

We're looking for this candles opening
here again at 1 34 40 to 1 34 45.

So we should cap at 34 30.

I'm sorry, 34 45 should be the cat, but
near term, we would, we could expect

this early as a signal, forming it.

33, 80 33, sorry, 1 34 big
figure to 1 30, 3 80 in there.

Any one of those one on the
level providing resistance and

a USD X, S, and T to virgins.

Also that forms at the time of day or
kill zone, we could see a sell off there.

And that could be a catalyst that sent
us down to the sheet of area as well.

K Aussie dollar.

Um, I mentioned that we'd probably come
up here and close in this range in here.

Like everything else, uh, F what I'm
seeing, uh, like I said, in many times,

if we think it's going to go somewhere
on days like this, it can go well

beyond where you think it's going to go.

So it did that had absolutely
no problem getting through that.

Um, again, you know, this pair was
really not wanting to go any lower.

It found some support at the bullshitter.

And you finally expanded on the upside.

So, um, I mentioned a
inverted head and shoulders.

Let's outline that.

Now get a feel for what that looked like.

Okay.

Have your neck line right there.

They're real retest back to it.

But when you do is you take your
lowest low here, you draw it up

to the neck line right there.

And you copy it and you add it to the
point which, where it broke out of the

trendline and it takes you right there.

So it was pretty close, not
bad for a government work.

So this pair, maybe one of the run
up here, take out the old highs.

If we fail on here, this is just a
return back to equilibrium inside the

range defined by this low in this.

That would look like this

here.

So we returned back to the
equilibrium between this small

range in here and price action.

Before it left here,
moving on to Euro pound.

You're a pound a, it hasn't
moved anywhere out there.

Uh, FMC released.

So we had still have the sell
side liquidity pool resting.

And the buy-side liquidity pool
resting above these equal highs here.

So that's your range defined by
these lows and the highs here.

You can see that on your four hour chart.

Okay.

Dollar again.

Okay.

We mentioned a few levels in here
and the possibility of moving below

these equal lows, they pair itself.

It hasn't really changed in terms of.

Direction.

Yeah, I don't think again, we
still have a larger trading range.

Nothing has been changed.

Okay.

So we may be just looking at

the equilibrium return to
that larger trading range.

And this actually may become
a, just a run on cell stops.

And if we start seeing it start rallying
on Thursday, Friday, going into Monday.

And we'll be looking for these equal
highs up here for next week's trading.

If we continue to see it break
down, we'll be looking back at DC

colos for some measure of resistance
using as a breaker and then looking

for a low run on these equal lows.

Okay.

So it's a matter of what we do
when Thursday and Friday tells us

if we're looking for the buy-side
liquidity, pull up here or the sell

side liquidity pool down here, and it
gives us a decent range where we can

take some pips out, either direction.

SOC broke down below the Lozier.

I'm not really caring
too much about this pair.

In fact, I wish I never would have
started bringing out, but nonetheless,

it felt like the dollar index gold we've
seen it rally up into almost, there was

a small little fair value gap in here.

I mentioned it's also takes us back up
to the bodies of these candles that here

whole area of institutional order flow.

So it just fell short of that.

Introduced.

Um, I really don't care too
much about gold right now.

So we'll see if it has any legs to
get through these equal loads up here.

If he can, then we'll start looking
for new reasons to get along.

But until it can do that,
I'm not really interested.

So.

I sort of pounce up as well as smaller,
fair value gap in here, but this one

candle going down, which also lines
up with the order block over here.

So we have some institutional oral
flow that we can see at 17 30, 17 35.

So we have a little bit more upside
in there if it wants to run, uh, that

may be a short-term resistance level.

And if we get back above.

This area up in here then, and
only then would I be interested

in seeing the Martin go higher?

A longer-term in that is
the business for today.

Um, I will be with you tomorrow in
prerecorded fashion, but if something

changes overnight, uh, we'll let you know,
and it may become a live session, but it

depends on what we see in the marketplace.

Okay.

So I appreciate your, uh, Words of
support in regards to my comments made

this morning, but, uh, it is what it is
and you're getting what you paid for.

You just got to get it in the dose and the
timeline that I'm willing to give it in.

Okay.

So I'll talk to you again until then.

Wish you good luck and good trading.