 In it or not anyways moving on to the well said I want to talk about so Yeah, there was a Think it was Lawrence who sent this over and It was an interesting chart to do with potential CPR now I would say that the level is slightly Not there in a sense that I'll go through it just just quickly so we can get the context so What he's done is he's he's marked out pretty much where potential stop hunts are Probably would have said that one there. There would have been a level because you can see that's where the kind of like the lowest point is And then you see there and then you get the stop hunt So brilliant and then you pretty much end up going up to the highs But then what we do have is a level up top which is you know fairly accurate And then you get again the stop hunt here really nice for Going to the downside, right? So There's that now We know that stop hunts turn into CPR's so what we ended up having was a Situation where anyone who went all the breakout traders and retracing traders that went long In this scenario. Yeah from from here And then traded the breakout to the upside who were caught in there In their positions, you know lots of version bias and all that there's a bit of relief there, right? There's a bit of relief Definitely relief. So that's that's correct. Now. I always say this, right? I always say this is is From a technical analysis perspective, we understand we definitely understand Why there should be more supply than demand because we've got not only traders who are caught in their positions up here Being relieved and if they bought here Then they have to do what to exit they have to sell to exit because to get out of your trade If you're still in this trade if you haven't blown up and you haven't you know your account You have to sell to exit you've also got other traders who were looking at this area from a level of Getting into new trades. Yeah, so again Lawrence is correctly identified that this has been a level of Resistance resistance little fell kind of support and then you've got traders looking to the left and seeing that as a significant level So they're going to be getting in what short as well So new traders and then you've got ultimately traders who are getting in long in the round these areas here on pullbacks Looking to take profit into where problem areas which is going to be in and around here, right? So there's going to be a lot of selling or sell orders again from a technical analysis perspective and this is What we look towards right, but ultimately it's all about what is happening on From a fundamental perspective and this is the reason why we pick hard directions, right? The New Zealand dollar the RBA are looking to high crates. Yeah, so really and truly we should never be standing in the way of that That fundamental bias because all the banks right all the banks are looking to buy Yeah, the New Zealand dollar is not a bank. That's looking to you know sell of course They're gonna make we can make money on you know on on pullbacks, of course, that's just that's what it is Right. They're making money on to the downside, but generally yeah, if a central bank is hiking rates That's appreciative for a currency now From from this perspective If you've got more by orders, right then sell orders, right? This is what's known as an imbalance I guess all more settled as in supply orders if you've got way more by orders and sell orders then there's no Technical analysis level that's going to stand in the way of that. Yeah, and that's basically what's happened here So we've looked at all the market Participants on all the known market participants from a technical analysis perspective and that's what CPR is, right? We're just looking at what typical, you know traders do around levels of support and resistance Yeah, and we've got all this potential selling technically analysis wise, right? Hence the reason why you're seeing, you know the markets sell off here and sell off here, but ultimately It was used as buying Yeah by the financial institutions because they understand the bigger picture and what value really is So there was definitely more buying than the amount of technical analysis traders who were trying to sell around here So anyone who's looking at that and thinking well that technical analysis setup didn't work It's because of you know, there was there was easily more buying and last week You know, I don't know if you guys had seen last week's group call where I Think juju was talking about the week before matter of fact juju was talking about getting short on this This this I think it was this currency pair. I think it might have been I think it might have been somewhere around here Yeah, so it was around here. Let me just I Think it was somewhere there And he thought that this might have been a stop hunt and I remember and I said to him do not watch it I couldn't say do not buy said, you know that You might want to not take that trade simply because you're going against the fundamentals Yeah, and he was saying that you wanted to get in because of you know short-term profits and I said No, it's not it's not something that you really want to stand in the way of and this is why traders generally lose In trading right because they do the right things and then all it takes is one wrong thing to undo the good things that you've done This is what discipline is right. It's not about short-term gains because you haven't taken a trade in you know a couple of days The smart money are going long. That's just you know fact. There's no debating right so Even if even if prices, you know did do a bit of a stop-hunting came down Yeah, all that does is that that teaches bad habits because then you're gonna it's gonna reinforce that you know I can take shorts at levels even though ultimately long and juju was long by the way as well He was long and short at the same time, but he was looking at short-term profits Yeah, it's trying Nick a couple of pips or two. Yeah to the downside. Yeah before Prices ended up you know going to the upside and that's not I mean you can think about trading like that But you know what there's so many people that do and they're not successful Then why would you why would we go about doing that right? It's just having the patience to understand that Where the money is flowing into and out of so The same thing is here, and I'm not saying that Lawrence was gonna go short here at all. I'm not saying that I'm just saying that ultimately one. What I'm trying to get at is this is Is I'm trying to make the point that we can see technical setups all day long all day long Yeah, but this the fundamentals and risk sentiment right technical analysis There's no technical analysis setup. That's going to stand in the way of Risk on risk off fundamental analysis none. It's just that's just the way that you know, you have to think about things So although brilliant setup, I would probably say this is this would have been Technically like an a1 setup and I would if risk was off then I would have been probably all over this right? This would have been a and it would have followed through Because traders would have been buying more likely to buy the Japanese yen in that in that scenario But from this scenario, you can't eat well You shouldn't really look for any kind of a short trades against Where you want to trade or where the big money is flowing? I mean no way the money is flowing because we do our fundamental analysis. That's just the way it works but also as well I just wanted to say this is that the level itself in fact the CPR level is is not there yeah, it's actually around here and So this is where you'd probably want to look for and change the color Any kind of buying opportunity is going to be around here because what the first place to look for buying And it's because of the actual level. So let me just clear that right? So we've got a level of support and resistance remember. It's all about the support and resistance Yeah, so any traders who would have got short here Yeah, in and around this zone here. So traders would have got short here for sure So I'm not saying that there's not traders caught in this in this area There's definitely trades caught in this area, but ultimately the the most obvious level the first level is going to be here Because you've got if you look to the left that's created a new level where traders would you know The most recent ever where traders are likely to be caught in that area, right? So we're taking that zone is there that that you really want to look for so this around this 70 it starts from You know the just just below that 78 round number Yeah, and then into here. So all this is is would be Where we would put the CPR. So this would be C because traders are caught here. Of course, all these traders are caught as well But the high of the range is what we're looking at Yeah, because prices may not come down this deep all these guys may want to get out of there You know short trades because if they if they went short here Yeah, and then now they're caught. So that's C. This is the P as you've correctly put in this area here Would be where the R is Yeah, so that's where we're looking. I'm not saying that price is gonna bounce off here I don't know prices could bounce off of there, but ultimately. Yeah, this is where the most Demand will be right so somewhere within this zone. Why is that and it's because As I've just explained but you could get and if that's a level of support and resistance as well And it is see if it is but it is right Again, just explaining this You're gonna have traders who obviously have been caught in their positions trying to get out. So they gone short Yeah, they need to Buy to exit their trade and that would be obviously at that level there Yeah Then you've also got a deeper level, right that traders will look to potentially get out Yeah If prices if this level gets maybe manipulated and comes down a bit deeper Right because new traders are going to be getting in here as well So all these track guys will also have a chance to get out of their trade Yeah, and they'll be more buying if they went short here So this whole area of demand no one can no one can tell you exactly what price is going to you know Reverse that who knows nobody knows right? It's not it's not it's not our job What's it's our job to try to predict it? We'll try to take advantage of it But no one will ever know so it's just but we know the roughly where this zone is and it's in it If it's in alignment with You know our fundamental bias and risk sentiment bias then I think the top of this area here is Where you know, you're gonna get new traders getting involved capture pain release traders getting involved traders who you know Got short here and who are taking profit at you know problem areas That's where you know There's gonna be a lot of demand but also as well the bigger picture is what we have to understand is if there's a lot Traders looking to buy a lot of institutions looking to buy here Then they need to fill their boots and they want to buy for cheaper So again, it could come down into these zones Right and but eventually probably turn around if risk remains on I think this area here It's gonna be a really nice trade. I do I'm cautious of buying at highs Right, so I would really want prices to still prove that there is a lot more and then wait for a deeper pullback That makes more sense Buying at highs. I'm not too keen on that. So if prices did come back down to this area I would really want more upside potential So if it did come down into this deeper zone, then yeah brilliant, but Yeah, I'm a bit hesitant to buy at at highs And less the risk reward is really really good and depends on depending on obviously the time frame But thank you for this and I know I went into a bit bit of depth on this Well, I hope it kind of clears, you know that level up and where potentially if you're looking to get involved in this trade Where the levels you should really be looking at first Because you might miss the opportunity about prices might come down and then you're waiting for this area down here And prices may never get down there might just literally turn around somewhere within that zone