 You're right guys last video of the day as there is way too much content for everybody to watch today So I'll probably won't make anything tomorrow just so that you guys can catch up and then we'll have a Confidence call on Wednesday, but I just wanted to go over something looking at the euro dollar and Of course, you know, I want to be long euros and short dollars But there's a level right that I'm very interested in and it's this level here Yeah, this level right Why am I interested in this and it's because it's It's a CPR zone and All CPR zones just basically understanding CPR is just Understanding why there should be more Demand and supply within this area and we understand the psychology of this Right here now when you get a you know an obvious level of Resistance and that would have been very very obvious to everybody nice ranging market as well Yeah The 120 round number in What month was that is that December? Yeah, so December and the November December was really the kind Of line in the sand where a lot of traders if you go back in the in the group you'll find and around that time you'll find that 120 was the level that Traders were interested in right so let's go back to November 125 was obviously the Level but they were talking about 120 right so you got the euro dollar range opens up near midpoint defining the 116 to 120 Ranger faces stiff resistance near 119 capped by 20 120 for now. So The 120 euro dollar is not an everlasting line in the sand, of course, it's not but it was a line you know that Was seen at the time is it definitely, you know potentially reacting and this was what November the 16th So that was obviously a few days before so about a week or two before right so 16th of November posted it The 120 was almost like a target. So once prices hit 120 and it produced this pretty much perfect pinball Yeah, in the same way that it produced a nice pinball here and reversed And traders really don't really know why they tend to get short here or say or short around here Other than it's a technical pattern, right and understanding that you shouldn't really want to be buying the dollar in this in that scenario Especially last year around that time now What happens is is these traders will get short here It would definitely get short there And if they get short and they're there all the business sell and then what happens to them They get immediately caught and this kind of stuff is what I love to see. This is like the perfect trade here. So these guys will end up being Caught in their positions because of loss of virgin bias And lots of virgin bias which causes them to move and remove their stop losses lots of traders don't even trade with stop losses So, you know, they get dragged into hot water, right deep water and this isn't just just retail traders this is, you know, ev all types of traders from From institutional traders who will end up adding in to trade and averaging down into these levels To to the average retail trader who if they haven't blown their account by now Would have probably blown it but Loss of virgin bias, which basically means pain feels worse than gains feel good Affix affix everybody. It's a bias is a human bias, right? So these guys who ever went short around here and it's really nice pinball It's really kind of caught in their position that they haven't blown up their account already So here we are as prices start to come down into this area here, so The interesting bit is obviously, you know, we want to be buyers of the euro against the dollar, right? So there is an opportunity obviously here Depending on obviously the entry etc All we do is our technical analysis if it yaks to that then brilliant if it doesn't then we just move on to the next level, but This zone here is really nice in this this 119 120 and I think just below that and that demand zone Is is is a brilliant level also when you think about Load to the high and prices haven't really kind of come back. That's a round fair value That's an expensive area. That's a bargain area and this is An absolute, you know, do I say absolute bargain? But it's at least the first point of fair value that you want to get from the expensive to the to the cheap level So if price doesn't react because nobody knows where price is going to react I'm not in the in the in the business of predicting I don't know how other traders tend to forecast if that level goes and then you know that level should break and that Level should break nobody knows because if that's the case then why don't you put 100% of your money on that trade? If you if if what you're saying is is going to be true Then why don't traders put 100% of their capital on that one trade? They don't because they don't really know nobody knows all we do is we look at The technical we look at our fundamental analysis first of all then when Price come down to a level that we were interested in Then we say alright, and is there an entry trigger? Yep And then we just risk a small amount on that trade idea and it pays us or it don't if it doesn't then we move on if it does We still move on But the point is is that anyone is caught in this area here, right on this perfect pinball. This is that's the capture phase Pain phase Yeah, there's a lot of pain in here they risk 1% now they're down 10 20 30% 50% 80% They're gonna want some relief because in next trade the next Best trade in a in a trader's handbook I guess is either a small loss of break-even trade So if they are going through that whole period of of of pain They're gonna want some pain relief and then That adds to the supply and demand equation right because if they sold here They have to do what to exit by to exit which is demand if Then traders who are shorting up here and looking at an area where price may want to reverse from where you've got Resistance a bit of resistance support where are they taking profit somewhere in and around this level Which is gonna be more buying except to do the opposite this sold here They buy which is what more demand and then you've got new traders getting involved in this trade here like ourselves You don't really understand about capture pain relief and understanding the supply and demand equation at levels And they were just randomly buying, you know support and resistance in and around this level more buying So there should be more demand At this 119 area looking at that being nice fair value Lovely lovely trade if prices can get down there and again, none of us know if prices get down here But fundamentally let's say for example the euro Someone comes out on the euro some someone at the ECB says oh well, you know We're gonna be going into negative interest rates then pretty much all bets are off, right? there's no technical analysis that is going to stand in front of of of Fundamental analysis risk sentiment analysis in liquidity. It just doesn't happen. So You know price action is not king. It's literally just Just a ways and the means for us to identify buying and selling opportunities on a price chart and Where obviously the most supply and demand may lie from a technical analysis perspective So I do like this one 1975 level as we come down into this Demand zone if we can get it that would be really really nice If not, you know the first area to look for any kind of buy trades I'm gonna be in and around these zones here. It looks like this one to what currently where we are. So that's one two one fours and one two zero One two zero five nine six six, so I think between that area we should want to see hopefully some some a A reversal and also as well match that up with the DXY. So, you know, you want to see obviously a bit of Supply in and around these zones here So there's a bit of supply there It's probably starts from around here really about so there is where supply is That's where we're looking at so again If we can get some sort of Confluence and prices start to reverse around that area. I think with dollar index. I do actually like this area here For a reversal so prices can actually come up even further and then start to Reverse then that's where I am looking at and it's for the exact same reason Which I'm not gonna necessarily have to you know, repeat in that but I think this area here is 92 on the and the dollar index is really nice for a reversal. So So, yeah, let's see what happens. Anyway So that's probably gonna be it for me for today. Like I said, we've got plenty plenty plenty of videos in the In the discussion room That we have to go for that you have to go through so how many videos have I done today probably about Matter of fact, so you've got 11 for January's a gold trade setup CPR volume diverging centuries and trade management that was about maybe about an hour I think I spent on that call and then you've got the 11th of January US dollar Aussie dollar New Zealand dollar diverging trade and that was answering jar jar breads Question and I did another one and I say I said I did another one on the Aussie yen and the No Aussie Swiss and the dollar yen So lots and lots and lots and lots of videos to watch today. So, yeah, I'll stop with the videos and For now and then just give you guys a chance to catch up one on on everything So so yeah, let's see what happens and guys I'll speak to you Tomorrow, I guess because it's coming towards the end of the day and yeah, I'll speak to you tomorrow. Take care