 Okay traders, welcome to today's first market analysis session with me, Patrick Manolio. I just want to do a quick audio test. You should be able to see a tick mill welcome screen. If you can see that, and you can hear me loud and clear, can you type a Y in the chat box please? Good stuff. Okay, well, let's get the show on the road. So before we get started, obviously, as always, we must adhere to the risk disclaimer. I'm sure most of you are aware by now the risks involved with foreign exchange trading. And joining in these educational sessions and these analysis sessions are helping you to mitigate some of those risks by learning from more experienced market practitioners. Before I jump into today's analysis, just to give you a quick heads up on who I am for those who are here for the first time. My name is Patrick Manolio. I'm a fund manager, a mentor and a market commentator. I've been trading in the markets for 15 years. When I first started out, I experienced what I can only describe as some pretty instant success and then a horrific loss. I decided to take trading more seriously as a mentor, worked with him to develop not just my technical but also my mental game. And through working with him over a period of 18 months or two years, really, I came back to the markets with a fully documented trade plan backtested and forward tested. And I actually came back to the markets in January of 2008 and experienced what was a wild ride really of voting time nine. Not to similar really to what we're experiencing today, but I'll talk more about that in a minute. Along with being a, along with managing my own money and investor money. It also the head of trading and trailer education for a leading online education firm called FX career swap. We take emerging retail trading talent. We arm them with proven strategies, some of which I'm going to discuss and talk about today. And once they are through the development phase, we actually give them a funded account to trade at zero personal risk. I'll talk more a little bit more about that towards the end of today's session. But really what I guess we want to move on to now is talking about the current market context. If we, if we're new to this, in terms of the markets or trading in general, it can be pretty daunting when you when you get involved in markets that are moving at the rate of change that we're seeing at the moment. And what's important to do in these times is to is really to take a step back almost and to get some perspective on where we are from a market narrative and thematic point of view. And also then where we are from a technical and structural point of view, because once you can take that step back and get an idea of a bigger picture, then that better arms you in terms of making technical or transactional trades in the near term. So what I want to do today basically is walk through the key charts that I'm tracking at the moment. And what I'm starting with here as we go through this is actually the monthly charts. Now, certainly I don't trade or initiate trades on the monthly charts. But what I do is I use that that time frame the monthly time frame to identify the likely or the probable path of price action. And in doing that, and then able to use that information and feed that in as an input to my trading process. On my trading time frame for me, most of the trades I'm executing on a daily time frame, do some intraday trading but like I say mainly it's on a daily time frame. And certainly in these market conditions, those the daily charts help to really X out some of the noise that we're seeing in the markets, you know, we're seeing some some pretty volatile conditions at the moment. And by stepping back and training on that daily time frame and able to to reduce the noise aspect and adhere to my trading process. And ultimately what what is going to define your success as a trader is having that trade plan in place because that trade plan is the bedrock and foundation of being able to participate in the markets on a long term perspective. You know, if you're looking to build a meaningful portfolio and develop your accounts, then, you know, you're in this for the long haul. And so having that trade plan in place is like I say is that is the bedrock and foundation for that progression. And it also removes the sense of emotion. So clearly at the moment what we're experiencing in the markets is a huge amount of emotion based upon this rapid moves were also under the additional stress of the human impact with respect to to the coronavirus obviously and and as such we're getting bombarded really in from both directions not only is there a human aspect but the resource of significance and developing financial and economic elements. But our job as a trader as professional traders is to set that stuff aside and focus on the process because in these periods of volatility. Once we've got this once we're through the initial panic phase and you know, at this point it appears that we're still in that. Once we do. We are potentially forming some type of I think potential reaction points here in the markets we're seeing a huge amount of stimulus being issued on a global coordinated scale almost. And that should help underpin some type of some type of relief recovery in the in the first instance but this this dislocation that we've seen with this volatility. Means that the the reaction that we see is unlikely to to to meaningfully shift what has now become or what is is in the process of becoming new dominant trends we've over the past two years we've experienced a crash in volatility. You know markets have almost stagnated and now we've got this impact this initial blow from the explosion in volatility. So what tends to happen in these type of environments is that this location means that big players in the market ultimately are going to need to reposition and reallocate capital to ultimately take advantage of these of these new of these new environments. Trading opportunities so what we're looking to do as as retail traders is try as best we can to align ourselves. With these these bigger players in the market. And so in looking at these these monthly charts as we're going to go through now, you'll see that there's a certainly an emerging theme now. And you know, certainly what I've been looking for now is a couple of weekly clothes, we're probably going to get a couple of daily clothes is through some key levels. Once we get that that two day confirmation for me, then, then we can we can start to act on this on this in this new environment and look to capitalize on like I said, what I anticipate will be, you know sustained trending environments. For the next 612 1824 months. So what we're going to start with here is some is the dollar index. This is a chart going back to the. To 1980s, so we're seeing the the scale in terms of the dollar, the prime is because what we get what happened what's happening in this in this current phase is we're seeing this initial explosion. And it's it's putting it's you know it's putting players off site, but what you don't want to do is you don't want to. React initially react to this type of price action because what you what it tends to do is it tends to create a sense of panic. But the reality is that if you look at this monthly chart, you can see we've seen equivalent moves over the years. So we're not actually seeing, although the velocity is is is something to consider the actually the actual scale of the moves we're seeing in the market at the moment are not without side of historical norms. Okay, so what we want to do or one of the parts of my my process when I'm analyzing the markets is I want to take the current price action in consideration to historical patterns. We can, if we can align what's happening now with with scenarios of similarity in history, we can then start to forward plan and forward think as to where prices likely to go. And then once we've got that market map in place from a strategic perspective then tactically we can trade around that idea. There will be even if even if I think the dollar is is breaking out and we're going to see a new phase of sustained dollar strength there are going to be periods in there of natural correction versus what I think is an emerging dominant trend. And so my structural view. It gives me the sense of direction which on my side my compass and then tactically I trade around that view, but certainly when I get set up in line with a structural perspective, and those are the trades I'm looking to capitalize on and hold to deliver a signal outlier returns versus what I would normally expect from a from a pattern or a trade or a signal in the market so if my if a signal that I'm normally using suggests that I can receive you know I can return one half or two times my risk, I can now get a signal that aligns with these potentially emerging Nate Mason friends really, then I can think myself well in this, you know, because I'm aligned that strategic perspective, then there's the possibility here maybe five seven or even 10 times risk rewards for the guys who know me during the explosion in volatility in 2014 so this is the last time we came out of such a significant volatility crush, which was this this period here in terms of the dollar where we took off to the upside. This often fantastic trading opportunities and for me personally, it was was my best year in terms of trading so what I'm looking to do now is if if the market confirms what I believe we're about to see, then I'm certainly going to be looking over these coming weeks and we're going to be holding these sessions on a weekly basis so you'll see how I progress things from my personal trading perspective. Obviously I'm not get I'm not issuing trading advice whatsoever but from my personal trading perspective I'm just demonstrating how for a professional trader will play play these markets as they develop you'll be able to see how I progress. I'm just moving and take a closer look at the dollar so we've got this this monthly trend line in the dollar that that I've been watching I posted several charts on the on the tip more blog about this and it appears now we're going to take this trend line out. We've got additional support for this for further upside acceleration by the fact that the RSI stochastic has tested down and this is on a monthly you know this on a monthly scale has tested down to this 20 level and it's now popping to the upside. These these lines now in terms of the RSI stochastic are doing what I call positive divergence. So this is supporting from a momentum perspective from the sentiment perspective I use something called a psychic indicator which is really just an advanced version of the RSI but that is also giving bullish signals. If we get a weekly if this week we close above this trend line and this is the end of day data in a minute I'll go move on to to the daily chart and we can see exactly where we are at the moment but if we're going to close above here the next target is going to be this 103 70 area these prior cycle highs in 2016 and what I've been looking for will be a test of this projected ascending trend line resistance up to 106. Now, what I like to do is mirror or look for mirror mirroring price patterns. So, in terms of what I've got here. Now that we've got you can see the similarities in terms of this move correcting here and then like I said getting this acceleration so if that's going to play out what we can then look for is some type of symmetry in the market patterns. Now, you'll see today we're going to close this trend and it looks like anyway and certainly then we'll be watching for the weekly clothes but today clothes will be sufficient. So you can see how, just from in terms of replicating this prior scale move that we could easily be trading up towards this 120 area, which again adjusts these prior high so although this, although it seems like, you know, if you're if you're on an internet chart these moves are, you know, massive. The reality is when we're only just getting going and we're just replicating terms of scope and scale and we're still then training within a much bigger range. So even if we've got this run up to 120. We'd still only be trading within the 20 year range that we put in place. Now, what we can also see here is the similarity in terms of this bottoming action. And this extension and this bottoming action literally we've seen some consolidation here, but if we look again in terms of thinking of scope and scale versus historical norms. Then we can also give ourselves another target, which points in terms of replicating the scope and scale of this leg over here puts us up at 130. So immediately here now, although we're trading, we'll pop onto the daily chart now. So on the daily chart we're now trading 102. So the initial objective here now is that we are likely to test this 103 89 from here might see a pause and some type of pullback. We also want to be cognizant of the fact that. Is anyone else? Sorry, is anyone else having an issue with the sound? Okay, one second. Okay, okay. So the initial objective here with the dollar index now is for a test of this. This 103 80 area like I say from there, we could see a pullback to retest this broken trend line. As support, so it's actually resistance and now as we trade through it, we could anticipate that we could see this trend line. Ultimately, actors as some support in a snapback move now. One of the issues you want to be cognizant of as we're seeing these these these moves develop at a significant pace is the potential for some type of central bank coordinated commentary about the US dollar about US dollar strength. Certainly the potential of the G seven central bankers making some type of or trying some type of verbal intervention in the markets. So that it's that type of thing that will create the opportunity to align with the trend because historically any of when a central bank has tried to intervene the market has a short term impact. Okay, so it creates a bit of whipping and whipping us in the market will stop a bunch of people out but ultimately they have unless they're going to suspend trading foreign exchange markets which you know they could do but this stage doesn't appear to be on the cards. The intervention from the central banks will simply be an opportunity to tactically then align with the strategic view in terms of price bands. So what I'll be looking for is a test of this 103 some type of corrected pullback and again what I want to do when I'm thinking about corrections is simply look at, you know, prior moves. So if we test up into this 103 something, you know, an equivalent correction would, would have us back into in, you know, retesting the trend line, and then we could, we could easily look at the potential then to take off again. And then we'd be up testing this this bigger trend line up towards 110. And like I said, what I'm ultimately looking for if this if this pattern is going to play out we're going to get these confirmations with a two day close above this trend line. I think we're going to see a move up to 113. I remember 113 is only replicating the scope of this move that we saw here back in the mid 90s. So there's nothing, you know, it's historically it's within range. So, watching to see how we trade when we test that that 103 area. But at this stage, looking at the position of the RSI stochastic and the way it's orientated the positive divergence. Any pullback from here, whilst certainly there might be a tactical trade and I'll talk you through that on the daily charts in a minute. One of the things at this stage with the ferociousness of this dollar bid, the pullbacks will be will likely be shallow now, and we will trade higher. So what I'm looking for is, like I say 103 is the first marker. See how we trade when we when we get to that level in terms of pullback. Certainly I've been looking for for higher prices and the symmetry move would give us give us a trade up into this through this trend line and ultimately to 113 50. Now that isn't necessarily all going to happen in a straight line may do given current conditions but those are the targets so you've got price markers versus historical norms. So you're not, you know, I'm not saying that the dollar is going to 200 overnight. What I'm simply doing is I'm using prior price patterns to suggest the probable price of current price action. Okay. So that's the view on the dollar index at the moment. The other thing to consider with the dollar, and I shared this with the guys I work with is, is that we do have from a seasonal perspective, seasonal perspective suggests that we could see a dollar peak into the end of March. Now, in light of the current dynamics in terms of the cross currents with the coronavirus and the economic implications of that. I personally play, I place less importance on the seasonality but I still want to be cognizant of it, because if the trade into that 103 coincides with the end of March, like I say tactically I could get a signal to go short the dollar. I want to be cognizant of the potential for seasonality to have some type of bearing in the place. So we want to watch this this line showing that over the past 20 years. The dollar has had a tendency to put in a tradeable top certainly if not a peak for the year in and around the end of March. I want to be cognizant of that, because when we get up into this 103 or if we're up testing this trend line at 110 by that point, then that seasonality could have to come to bear on the market. Okay. So let's look at the other another key chart that's really driving things at the moment, and this is the S&P 500. We are sitting on the monthly trend line from the 2009 lows. Okay, we've yet to see a daily close below that trend line. So, let's go to the data chart here. So you can see we've been sitting on it we breached it on an intraday basis but you can see we quickly close back above it. So if we are going to see a relief rally, like I said, you know that there are conditions in place at the moment that would suggest this would be a logical place from where we might see some type of bounce. Certainly we're getting that coordinated fiscal stimulus and we and we're now seeing daily closes back above this trend line. So we breached it intraday so we run the stops that would have been sitting there from traders. We've run those stops reversed and we've closed back within the trend line. So certainly from a trading perspective we could see a sizable bounce here in the markets and again note the term there. This I think is the first leg of at least a three-way correction. So again what I want to think about in terms of scope and scale is where that bounce could take us to. And we can see here that just looking at that last leg up into the cycle high. If we replicated that price action down here that would take us back into these these loads here. And also coincide with if we bring in fit retracement tool, it would actually sit pretty much at 50% retracement of this of the decline that we've seen so far. And we also have the, like I say, these prior loads sitting here. So likely from a structural perspective left on a chance to see where the price is leaving its footprint. This will be a logical level. So we could easily see a bounce if we can we can hold this trend line certainly on a weekly closing basis. There's a situation on Friday whereby it's called quadruple witching whereby a lot of options contracts are settled on Friday and this that could actually be the catalyst. And also I noted in the PCS today that a lot of commodity trading advisors and big hedge funds have covered their long positions now, liquidated their long positions and for the first time have just turned net short on the market. So if we think about the market as a mechanism by way that what it's looking to do is extract most amount of money from most of the people involved in the market. And the idea that these guys have just got shores into this trend line support would set from a positioning and flow perspective would be the ideal catalyst as well to drive this push higher. So I'm personally looking to see if we can get a close above above the near term be well to actually position first time on the long side in these in these equity markets to play for events. I'm not certainly I'm not suggesting in any way shape or form that this is the low. Like I said what I'm anticipating at this stage is that this will be a reaction low. And what you've got to bear in mind, even in bear markets and this is what makes it so incredibly difficult to trade is that you experience throughout the process, vicious rallies. So it makes it very difficult for people to stay net short for an extended period of time because the rallies really shape the confidence of those shorts but ultimately what you've got now is you've got a situation whereby it would, you know, from a balance of probability perspective, it's less likely that we're going to see new highs from from this level. What's more likely is that we've got to actually now see another leg lower. And let's just take this back out. Let's go to the weekly here and get some perspective. So if we do see we get the balance from that one second. Just real on that. Okay. So I mean, we can get this balance back into this area. And I'd be expecting ultimately that we are going to see another leg lower. That next leg lower will be the wash out that should form then the base for, you know, the next leg up basically so what I'm anticipating is that we can trade back up into this 2000 2800 to 3000 level. And I think we're going to get the next wash out to the downside because what you've got to remember, although this we've got this huge amount of stimulus in place and being added to almost on a daily basis now is that we've yet to experience what I call the second round effects. So at the moment we're just getting this headline panic scenario. So what we've what's coming down the pike in the next four to six weeks, once we've had this relief rally, we're going to see a deluge of diet data, diet economic data. And that's what we're really, that's what should should cap this relief rally and ultimately is take this next leg down. I mean, it would it's easily conceivable that we're down testing this 1800 these prior lows, and potentially even these two tops here, back down to 1400. So what we'll be watching is we watching the DNA of the rally, what we'd anticipate is that would be a three wave move into into this resistance area, which will then set up a really the the premium selling opportunity, because that will have clear. signal on that and then be looking to to be short for a certain for a retest of the current lows, but more likely than not, we're going to see an equidistant swing develop before we move higher here. So, again, what in a minute I'll look I'll show you the daily charts. And we'll look at where the opportunity is for we're trying to to play for that relief rally. Let's check in with the euro. So the euro, as with the dollar, you're sitting right on this trend line. Similar to the dollar you can see here that the RSI stochastic has rolled over, and it's now negatively diverged. And what we can anticipate here is that we take out this trend line support, that was set up a rapid retest of 103. Which will coincide with the dollar index obviously testing its prior peaks, and then we'd see where we head from there. What we've got with this even with the euro here you can see is we can measure prior declines. So we have this move here. And then we're going to symmetry swing target so that would take us just down below parity in the euro. We take out this trend line. Once we're through the 103, then we're looking at 97 on the downside. You can also see that we have this decline as well. So these are the last three major declines so that would bring us just shy. So that would have a testing just ahead of parity at 101. And we also have this measurement which is what I referred to as an equidistant swing. So you can start to see how we're getting a cluster here between the 97 level and the 101. So it's likely that if we get a close below this trend line, and again we'll be looking at a daily chart shortly. Then we're looking for a quick test of 103.50 and then into this support area here. If we bring in the fibs, it's been serious about 78.6% retracement coming in 98.90. More often than not, once we trade through that 78.6% retracement, then we're likely to, then the potential is set up that we'd be retesting the lows back in, going back when the euro was basically formed. So we're watching this trend line is incredibly important for the euro. If we take this out, like I say 103.50 next, and then we've got to look down to this support area as the next objective on the downside. You can see again what we're using is these historical measurements in terms of prior declines to give us a guide as to the probable, as to the probable path of price in the current scenario. So that's the euro. Let's quickly check in with Sterling here. You can see with Sterling, we have an equidistant swing objective, which would take us down through parity. We've already taken out the major trend line. We respect it on the first test. Pop-tired, we've since gone through there. The next trend line support area is coming in around this 112, 113 handle. So we could, this could be another area whereby we could see a bounce, certainly on the daily charts. Again, this is a monthly chart. So we could see a bounce on the daily chart. But ultimately, I think any pullbacks into 120 now will be sold because there'll be a huge amount of unfinished business in terms of orders that have guys have been holding, lost making positions at the moment, and they're praying to God that they get back to break even. And when they do, they'll be natural sellers in the market. And then you'll also have fresh sellers coming in at this broken support now acting as resistance. So in terms of the natural flow in the market, there you're getting a natural process of sell side flow in this 120 area. So if we do try back to 120, certainly on the daily charts, we're looking for signals on the on the short side, watching in, in terms of the cataract move, watching that 112, 51, 13 area. But certainly you can see here, ABCD would have us down through parity. And you can see further, let's just let it in first. You know, that much bigger move, which if that completes would be pretty significant taking the pants sterling down to 72. Hence on the dollar. So first point of call is going to be this trend line support. 112, 51, 13. If we get a bounce up into the 120s, like I said, I would expect that to find to find natural sellers in around that 120 area. And from there, we'd look for a certainly a test of a potential down to parity with the dollar. Dollar yen. You can see we're putting in a big bullish reversal here and been consolidating. As we hold this 99 27 area, then the next target on the upside is going to be 119 120. And if we break out there on a closing basis, then we could be heading up to the range highs here. Going back over the last 20 years again, so thinking in terms of the dollar index and the euro was, we're still talking about moving just within 20 year ranges. So although you know that although that's significant, we're not moving in reality outside of historical norms. This is something to remember in terms of if once these once markets start to trend like this people, people are reluctant to trade with the trend and they're trying to fake the move. Whereas, what you want to be doing in this type of environment as we've got this increase in volatility now is as best as can you want to be aligning with these these trends. And that's where the real money is going to be made over the next six 12 months. Let's check in with the Swiss. Similar scenario here you can see we've tested down into the support area on from the RSI stochastic perspective we're just about to cross over to the upside. And certainly we can anticipate to move up to to 117. But if we look even here this last advance of notes, we could easily be trading up to as high as 140. Obviously they're going to be pit stops along the way but in terms of just getting your head around the potential for the scale of move here. It's important to have these markets in your or certainly, you know, on a weekly basis to be checking in with these charts, just so that you can see the bigger picture. Is it when you're trading if you're trading in today or you're trading on these data charts you can. It's easy certainly in this environment to lose lose that perspective but you know these are potentially big bigger trend opportunities to really take advantage of. So I mean testing 147 seeing some profit taking here but again look at this positive divergence on the RSI stochastic and and certainly in terms of terms of just a bit trend line here that we could see in terms of this current slope we could certainly see a move up to 150. More than achievable at this stage. We also have a be CD, which will take us up through the 160 highs. That's so all we're doing, all we're thinking about here is replicating move we saw. This move from 2011 up to 2016 so you know this is just replicating a five year range. So it's seen you know it seems crazy to think about this but the reality is this you know we're still just moving within historical norms at this stage. So you know we're not we're not even out of some sample here this is just you know replicating the last five years moves. Kiwi. Take that that made a trend line with game tested third test, like I said to the guys in work with me the third test of any trend line tends to be respected. When you get that fourth hit those are the ones that. That tend to fail and that's certainly what we're, we're seeing at the moment. So in terms of giving ourselves some targets. Or we just have to look at. So we're sitting right on from Kiwi here right on the tooth took the oh eight oh nine move to the downside. We bounced. So one pay attention to that. You see. Again if we look at the scope. 2008 2009 just replicated that move that we saw in the late 90s. And we're doing it again now. We're getting a bounce. You know the market displays a degree of memory. And certainly, because we're, you know, moving around. Significant chunks of cash are not trading on a five minute chart. They're looking at the daily weekly and monthly charts. So, these, these levels are often respected because of the, the scale of the capital. That's paying attention to the timeframe. So for now, until we get a close below this symmetry move. And there's the potential we could see a bounce here in the Kiwi. And if you think about the idea of a, you know, the, the few the S&P 500 is holding that support Kiwi generally being considered a risk barometer. Then, you know, if we get a bounce in the, in the, in the risk markets at the equity markets, then that could lead to, to a bounce here in terms of the Kiwi. So we want to pay attention to that. But ultimately we've got another measured move to the downside. A, B, C, D. So once we take out this symmetry, once we take out 55 and move down to test the 0809 lows would seem to be in the cards. We've also got the RSI stochastic game, like I say, rolling over, negatively diverging. We're not seeing, we're, you know, we've got various sentiments. So any bounces here in this Kiwi at this stage would certainly be selling opportunities. Checking with the Aussie. So I mean the Aussie has this big broadening pattern here, a megaphone pattern. Downside objective here of 31 cents on a dollar. Where we at the moment, well, we're moving in this, in this parallel, built some turn line support here at the 55 level. And again, we're going to see this bouncing in risk markets. The Aussie will more likely than not benefit from that. But what we've got to remember is that second round effects. So even if we do see a bounce here. What's more likely than not is that over the coming weeks, the Australian economic data is going to be pretty dire. And they've had the bushfires and now they've got the impacts of coronavirus. So again, what we've been looking for are selling opportunities on the debt on the daily timeframe. So we're pausing here at the moment, but you know, more likely than not, we're going to see, we'll see a correction. And if we're going to get that correction in the equity markets, and that again will provide another selling opportunity. Check in with gold. Gold big tweens atop here on the monthly chart. This does not bode well for gold. We have an A, B, CD. I mean, we could be down trading sub $1,000 of gold here. RSI stochastic rolling over, negatively diverged, bearish pin bar, and then a bearish outside reversal. Obviously we have to see where we close. But I mean, if we close out the month below 1440 in gold, then we certainly would be looking at this trend line getting a retest. Again, this is all going to happen next week, although it feels like it in terms of the current market moves. But, you know, we're definitely backing and filling along the way. But ultimately, whilst this high is respected, then technically we can easily anticipate a test of this trend line support. More likely than not, significantly lower if we're going to respect this A, B, CD. Finally, crude oil, obviously being devastated. Certainly $10 to $12 looks like an easy downside of objective. And interestingly, it's that $12 area, which is where the Saudis, below $12 is where the Saudis would actually be losing money on producing oil. So from a historical perspective, obviously that hasn't happened. But truly, you know, the costs now aligned with getting oil out of the ground and sporting it are about $12. So we want to pay attention to trade $22. We've got a trend line coming in here at $13. So what we could easily anticipate now, and certainly with this Russia and Saudi standoff, is that we could see that move down to test the production costs in crude oil. And from there, again, we might see more meaningful balance, but certainly that would appear to be the downside objective now with oil. Let's see just in terms of this. Yeah, so I mean, if we get it closed below this trend line here, this is monthly. You can look at a weekly close as well, just as valid. If we get a weekly close below there, then we can anticipate we're going to test production costs in oil. So what I've given you today, guys, is basically the bigger picture roadmap for where we are likely to go now. Given the current information, given the current market thematics that we're seeing and the dynamics. These are the probable paths for price over these coming weeks and months. And so what I'm going to be doing then starting next week is I'm going to be introducing you to how I trade these these market maps in terms of looking at some at the price patterns that I trade on the daily charts. So I'll be sharing those, sharing those with you next week. I'm sorry, but we've run a bit over over time here today. So that'll be for next week. Finally, if you want to in the interim, you can follow me on FX Korea swap by a trading view. I post some not all of the charts and setups that I'm watching, but I'll try and do more of that. But you can find me FX Korea swap is our handle there at trading view. I'll post that in the chat for you. There we go. And then if any of you are interested in exploring further the opportunities that we offer FX Korea swap, then you can also register here. Your name, email address and phone number. One of our team will be in touch with you to follow up to give you further information about the opportunities we give at FX Korea swap. Like I say, education underpinned by the ability to trade our funds at zero financial risk. So feel free to check out FX Korea swap of that link in there as well. Can you guys see both of those links in the chat? Why in the chat box if you can make sure you're great. Okay. With respect to the charts I've covered today, just these majors. Are there any any questions? Like I say, next week we'll get into are getting to more of the actual technical trade setups on the on the daily time frame that I'm looking to take advantage of. We just run a bit over time today. Okay, there aren't any questions at this stage. I'm going to wrap this one up here. And like I say, follow me on trading you effects careers swap is my handle there. And you can also obviously I post through the technical blog on a daily basis you can get email alerts. Subscribe for those through the technical sites. And like I say, maintain perspective is really important in these type of environments. And ultimately, if you haven't got a trading plan in place, you shouldn't be trading live live cash in this environment. It's absolutely imperative that you have a plan and a process that you're adhering to because it's that is ultimately going to to make you profitable through this market phase and through the next market phase and through the phase after that. So it's incredibly important that you, you know, that plan is underpins by a rigorous risk management strategy. Because if you're not, you know, if you're not managing a risk, if you're not trading stops in the market, this is these type of environments will will see you blow up your accounts in an afternoon. So, take advantage of these sessions over the coming weeks and months to see how a professional approaches this. Thanks very much for your time today today guys and I hope this helped.