 Hi everyone. I thought I would send, I guess make a video I should say, on a 61.8% FIB CPR and again just understanding what CPRs ultimately are, capture pain relief and what we're doing is we're reverse engineering typical support and resistance strategies and then identifying where traders get caught in their positions so that we can take advantage with the supply and demand equation that happens generally at that area. So what it was was that I think it was Sam, one second, I think Sam posted some CPR feedback, yeah here it was and it was to do with the dollar yen and I actually in my video earlier today in the trading videos channel I actually covered this as well so good to see that Sam has seen this but also as well I was looking around in fact and I saw this on the New Zealand yen and I really like this level now again just to kind of spot to see where we are right and why what makes this area a really good area or 61.8% FIB because first of all traders if you're looking at you know this high and this low yeah traders would generally take are looking for first of all strong moves to a certain direction the obvious moves and then they're looking for pullbacks into two really key areas which are the 38.2 and the 61.8% FIB so as you can see right now prices came up to that 61.8% FIB it gave a really nice if you look really nice little pin bar there but also as well traders won't just take 61.8% FIBs to the short side right they're going to want to look for confluence and that confluence takes shape in an obvious support and resistance level this level being you know resistance resistance resistance resistance resistance and support there etc right so you can see it's been historically traded so lots of confluence for traders to get involved there now that's not to say that this that this trade can't work of course it can right if prices went to the downside that's brilliant for them we don't enter there in that in that in that manner we're not just entering you know 61.8% FIB pullbacks with support or resistance as confluence but what we are doing is we're identifying where those typical trades that other YouTube traders TikTok traders start to take those trades and understand where they're caught so they've committed capital because they thought that prices were going to continue to the downside yeah that's just basically what it is and prices have gone against them it's due to loss of version bias traders will generally move and remove their stop losses that were placed above here because they don't want to accept the loss so there's a lot of pain and this is really really nice as well simply because these traders were not allowed off the hook right prices went against them quite violently quite viciously and prices haven't allowed them to really you know price to pull back to that level for them to for them to potentially just realize their original loss yeah so right now these traders at this level whoever took they haven't blown their account already yeah they haven't blown up their account then this area is where they're going to be motivated to potentially want to exit their trade because if they weren't short here they sold here then in order to exit their trade they have to buy yeah and again CPR is just understanding levels yeah and all the market participants at those levels on why there should be more demand or supply or supplied and demand at a level right so we know that the retracement trader is in here yeah prices are going against them they haven't been allowed off the hook and now they're motivated to exit this trade they sold then they have to do what to exit they have to buy to exit you're going to have new traders yeah they're going to get involved in this trade if prices come down here this is going to be a level where generally support and resistance traders will look to get involved they get involved at various levels so they get involved you know maybe somewhere around here that level doesn't work then they might get involved at a lower level right that lower level being where we want to get involved in one second yeah they want to get involved in there that works out for them then good for them but if it doesn't work out and prices continue to go lower down to this level we understand that there are traders that are going to be caught or that are caught in this level also assisting traders who are looking to buy at these levels as well right so new traders will get involved in that there's going to be buy trades here also as well anyone who's managed to get short in and around this area is looking to take profit at obvious support resistance levels some of them being there some of them being here some of them being there and if you've sold they've sold here then they have to do what to exit buy to exit yeah so that yeah that is a level that I really really really do like again not your typical level but when you're looking at this from a from a new high so for example this now is definitely seen as a bargain price this scene is seen as now quite expensive because prices haven't gotten higher right it's seen as an expensive price for now this whole zone I guess if I take this tip tool and from here to here and then I just turn that into value range this is going to be now at an area in fact probably an area of sixty one point eight percent fib to the other side fib retracement and then we just reverse this matter of facts yeah and that lines up actually very nicely with this level here which would be a sixty one point eight percent fib and again obviously from a fundamental perspective you want to be a buyer of the New Zealand dollar over the Japanese yen now I'm not said that fib fib retracement don't work they do work right but this is one that's probably going to end up you know fingers crossed working this is a sixty one point eight percent fib that I would want to take rather than something that goes against the fundamentals right so so yeah that we've got lots of confluence in this area if prices ever do come down here lots of buy orders who is selling around here the only reason why you know prices may want to go through that zone is if potentially this is a not seen as a bargain or be there's risk off sentiment in the Japanese yen is the stronger out of the two but from a technical analysis perspective this covers all the bases there's not really much to understand much more to understand anyway when it comes to looking at where there's likely to be supply more or more demand or more supply at a level right it's that's pretty much it so you get one that failed right which was here one big Fibonacci level that failed but that adds to this one and this should now see lots of demand in and around this zone so the lower this comes the more I want to get involved in that I'm gonna set my alarm I'm this is not a trade call this is not for me it's not me telling you to get involved in this trade but this is something that I'm definitely gonna be watching for the foreseeable future and let's see what happens at this zone and then I want to be a buyer anyways guys take care hope that helps and speak to you soon