 Hello. Hello. Good afternoon. Good evening. How are you doing today? If you can, as everyone is streaming in, if you can hear me, please let me know. I see some responses. So I think that the sound seems to be okay. Hey, Kalyan. Hey, Dan. How are you doing? Thanks, Derek. Right. So one thing I like to do as we give it a minute or two before everyone else jumps in is, you know, let me know. Where are you joining me from? I would always love to find out where is everyone joining me from. So let's see, where are you coming from? Hey, good stuff. Wow. Reaching out to all around the world. Hey, Richard, how are you doing? Hey, Joseph. Good stuff. Good stuff. India, Philippines, London, Johor Bahru. Fantastic. Right. So are you ready to get started? Keep it coming. I want to see where is everyone joining us from. And if you're ready to get started, let me know as well. Let's say, let's get ready to go. So today we are going through is one of the ultimate forex trading masterclass. I will be going through some live trading analysis together with you. This will work best if you participate. So let me know if you have any questions, if you've got any charts that you'd like me to look at. Anything that you'd like to find out more about in terms of trading, please let me know. I'll be happy to share with you my thoughts, my experiences, my views as well. Hey, Mr. Green, how are you doing? All right. So one last minute before we get started, just a quick point as well as I'm coughing a little bit. So bear with me if I jump into a bit of a coughing fit. All righty. So everyone's good to go. Let's get started. Today we are here with the... Okay, today we are here with the TicMail doing the TicMail ultimate forex trading masterclass. As you would be familiar for those of you, I see a lot of familiar names. If you're joining us, this is recorded. This will be uploaded. I have a question there about previous recordings. Please check. I think either the YouTube or I'll figure out how to get it sent out to you guys as well. So this is recorded. If you missed any of the sessions, check back. Check back. And sometimes as we do live trading sessions, if you missed it, it might not be... It'd be good to check back, but it's more about moving forward, right? Because we are talking about what could happen to the markets, what could happen moving forward. So as usual, a quick disclaimer before we get started. I will be looking at the markets. I will be looking at the charts. I will be looking at some news, potential news and have shared with you my thoughts, my views, my opinions. So remember that any material provided is for information purposes only and should not be considered as investment advice. The views, information or opinions expressed in this webinar is solely that of the author myself and not of the author's employer organization, committee or other group or individual or company. Basically what it means is that as I share with you some thoughts, some possible trades that I might be jumping into, please do your own due diligence. Please make sure you check your charts, check your risk sizing, check your risk management because from my experience is that traders don't really lose that badly on a strategy, on any strategy. Traders lose really badly when they can't manage their risk, when they're over leveraging or over trading. This is crucial. Do your own due diligence before you jump into any trades. We can't be responsible for your trades or for any trades that you jump into with that. Hey everyone, how are you doing. All right. Quick introduction of myself. My name is Jin Dao. Everyone knows me as Jin. So, you know, if moving forward if I take on any other sessions, you know me already. I'm one of the traders and one of the researchers here to help you through this or to guide you through this live trading session. We just had a big news. Put it into the chat. Do you know what was the big news we had today is Monday. What was the big news we had on Friday evening last week. Friday evening GMT plus eight last week. What was the last, what was the big news. And so John of the quick answer fantastic. So it was the NFP and was it a good news or bad news then and john. Was it a good news or bad news. Take that away. Good for the dollar. Yes, it was good for dollar. Hey, you guys are forgetting as well we did not just have the NFP we had something else. What else was the other news we had. It was lovely news. All right, so just doing a quick recap. It was not just the NFP news we had. This was Friday last week on the 5th of August GMT plus eight we had the at 830pm we had the Canadian employment numbers together with the US employment numbers so you know jumping straight into it. The US non farm payroll on from employment change there came out more than double the expectations more than double expectations. It was 372 got revised slightly to the upside of 398 expected a little bit of a modest view or modest expectation at 250k. But then what we saw was a 528k being released in terms of non farm payroll. Average hourly earnings for the US as well right it was 0.3 got revised upwards to 0.4 expected to stay at 0.3, but it got released at a 0.5 and unemployment rate for the US dropping slightly from a 3.6 to a 3.5%. So all in all, what you should have seen was this was good US data, good US data. We saw almost immediate downward move across the board we saw the dollar strengthen across the board. But like CISO is saying here, it wasn't it moved down right the dollar strengthen but it didn't strengthen it wasn't sustained move it shot up and then it set right across retrace a little bit. A lot of the pairs shot down or shot in the direction in one move and then set in consolidation or retraced a little bit. This makes the trading of the news a little bit more tricky and I'll show you what I mean when we look at the charts. With that, at the same time, 830 we also had the Canadian unemployment rate was 4.9 expected to jump slightly to five, but it stayed at 4.9 so no change on unemployment rate for the Canadians. But employment change number actually was not as good as expected, right. It was a minus 43,000 expected a plus 14, but what we actually saw was a minus 30.6. We actually saw the Canadian dollar weakened or the Canadian dollar weakened a little bit, especially against the US dollar because at that news. The Canadian dollar was at the same time being released with the US. What you would gather here as well before I go further move further on is that the way I approach the charts or the way I approach my trading is that I look at first the news right always consider the news first always think about how markets could move in terms of the news before I look into the charts. So I look at a dollar should strengthen dollar should push higher, then I look into the charts to see is dollar pushing higher. Right, if it does great, I'll jump into a trade. If not, then I will look into a possible waiting or possible short term counter trend trade idea. So this is how I always look at it first fundamentals and I approach it a little bit differently compared to a lot of other traders I've seen. I consider fundamentals a little bit more. And then after that I look into the charts. I tend to prefer trend following trades, rather than counter trend, although I know that counter trend trades will or could give you a good risk to reward by kind of like trend following trades first. And then after that we look into any possible counter trends, and then I might support and resistance lines to tell me, you know, when to get in or whether there's a breakout happening, or break or break out of a consolidation. All right. So, right off. Any questions here from anyone, any questions, any particular pair you would love for me to look into first. Anything anything oil. Okay, so I'll do. So it's the first one was all but question here is why didn't the price follow the news. Let's look into the news first. All right, so this is the dollar index on the H one time frame what you can see here was that it actually did follow the news. This is the dollar index at the news release this was at eight o'clock. This was released at 830 so when the news got released. Hey, there's a ring. How are you doing. As the news got released, we saw the dollar index bounce off quite strongly of this 105 about 105 90 level shot straight towards the upside shot straight towards the upside, and then it retrace back down now trying to push back up again. It's not that it didn't follow the news. Actually did. Right, it was good US data. Dollar strengthen push towards the upside. Why did it come back in several reasons. One, if I zoom out, you can see that on my previous analysis. That was the downward channel. Right, the downward channel and then you can see that as price broke out of the channel. It will happen. A little bit of a technical play there as price broke out it came back in and bounced to test that lower end of the channel to test to bounce back up towards upside again. All right, it is now ready for feedback. Right, so it looks like it's pushing higher, especially, you know, my view here is that it's found that support that is when up came back down found a support at this channel. So this resistance now seems to be forming a bit of a support level now we're looking for that push towards upside. So straight away, it did follow the news. As we look into the charts or $0 during that news at eight o'clock, we did see the $0 drop lower very strongly. It went from that 6950 all the way down, but it has retraced back up. Why did it retrace back up. I went to the age four time frame I'll show you here that you can see that it tested this line was held in 25th of July came close on the third of August, tested on the fifth of August with the news. And if I did drag this right across you can see that it's held this 69 about 69 level quite strongly again in the fifth of July. Further back again in June and further back, oops, further back there about again in the 15th of June. So, this is why I paired it up right I look at first the fundamentals, hey dollar should strengthen things should be coming or Aussie dollar pound dollar all these should be coming towards the downside, looking at the trend, zoom it out. Okay, it's on the downtrend short term up, but looking at the support resistance, it needs to clear below this 69 level 0.69 level needs to break lower. And in the extreme end it needs to break below 6868 before I would be very confidently selling it towards the next downside or even 6716. That doesn't mean that, however, you could still be trading during that news event. Right you could still be trading during that news event short term trade towards that support level weighted out. Don't expect it to break you know you don't expect support levels to break. I think that it's going to hit and bounce. So it came towards that point where it hits and bounces off. And that's why we saw price of the Aussie dollar and pretty much across the board drop strongly hit a support level and bounce towards the upside. So I hope that answers your question there, or everyone else's question. If you were just thinking why didn't price follow the news. It actually did. Right, it did, but not sustained. It did but not sustained. Why is it not sustained. Again back to forex factory here looking at the news. It's very strong data. It's very strong data for employment, but we're still looking at inflation growing. We're still looking inflation this is wage inflation, right getting paid more wage inflation is still growing which is still going to be a concern for the US. If inflation if wage inflation is growing if inflation in general is still growing event we're going to look at dollar or the Fed reserve pumping more interest rates or hiking interest rates further, which could further cause a recession right now. We're not saying no we're not in a recession, everything's okay. But if they continue increasing rates, if in September instead of doing a 50 basis point they did a 75 of they did 100 basis point, we're going to see that risk of recession getting worse and worse. The reason why we saw that big drop, but then it stated off and bounce back up again what we are looking at, or could consider is a retrace back down again. All right so so far so good let me know if it's okay. Oh wait, got one guy who can't hear. Can everyone else hear me. If you can hear me let me know. If you can't then put your okay good good good. If you can't then maybe try and check your audio setting I think you might need to connect via audio. All right so coming straight let's look at some charts now. Oil Brent. All right, first one Brent my view previously I was looking for it to test that one oh one level to trade lower. Didn't test as high as I expected test a little bit before dropping. Let me clear this out so I can show you straight away on the age for timeframe. This is one a few key points you need to take note of on Brent the key level right now is at 69660 right we've seen it come down hit this level bounce back up test again bounce back up and it seems like it's approaching again. I still do think we're going to see some downside on Brent we're going to see some downside but this is a very very strong level right. It's a very strong support level why do I say so because if I zoomed out you can see that I'm put on a daily timeframe and pull that line right across. You can see that the last time it tested this level was in February this year. Tried to break higher resisted tried to break and then it bounced back up came very close in March not so within the region in April. Again bounced off in July and right now in August right at that same level again. Looking looking for it to break down right looking for it to break down. I would not be looking to sell unless I'll be a very risk adverse here I would be looking to sell only if it clears below that nine five level so let me just drag this line down towards nine five right nine four nine five. Only if it clears below this point, then I would say that hey we're going to likely see more sustained move towards the downside. How far down could Brent go. You can see that the next key point is about 86 at about 86 right so that's the next key point where you saw it test and reject test and bounce off. So if we see it drop, we're looking for that downward move. Right that's why I would have given it a bit more space to look for that strength to break towards the downside. Before I would look for 86 what could cause Brent to drop right what could cause Brent to drop two things further concerns or further risk or further worries about recession. Because as a recession continues to worry investors demand is going to drop right so we're going to see likely if demand drops you can see price drop as well. Or if old pack comes out and says that hey they're going to increase production levels. They have already come out and said that it might increase the most recent old pack meeting. They said they might have a small increase that's what we saw that drop. If we do see them increase production levels. We're going to see all break below that nine five level towards that 86 level. But I think that this area might hold quite strong. This area. This area might hold quite strong. I would be a little bit careful if you're looking to trade towards the downside. Right so watch out for that fake breaks watch out for the quick bounce I would say look for it to break below that nine five level before looking to sell it towards the downside. All right, so far so good. All right, I got a few questions on Euro dollar I will get to Euro dollar one second. What's 10 for 10 out of four. All right. So going through the list we did all Swiss Frank. Where is my Swiss Frank US busy. All right. So look at that. I love that I was looking for it to drop. Let's look at each four time frame was looking for it to drop it hit that I was looking for a bounce at that resistance level it did drop halfway before bouncing back up. At this point, watch out, big round number there 9600 0.9600 is a big round number. We saw this push towards upside because of that dollar strength. We saw this retrace back down right now I'm looking for this to take this away. Right now I'm looking for this to come back in right come back into that range. So I think it's going to bounce in this level. No, no big news no surprises on the Swiss Frank at this point. We did see that the inflation data for the Swiss is slowing down inflation growth is slowing down so unlikely unlikely that we'll see the Swiss National Bank with another interest rate hike. So I think that we might see it bounce around. If the dollar continues to strengthen, then it needs to break above this point right we saw this as a very strong resistance 9630 so about a 9630 before I would think of further upside. At this point I think that there are a lot of better trades, you know I will pay attention to better trades, then jump on to the swissie the US Swiss Frank. Any idea why any idea why I would prefer other trades rather than trying to buy the US Swiss Frank towards upside. I'll show you the whole chart I'll show you almost the whole chart here. Have a quick guess. Why do I, why would I prefer to, you know, trade other pairs rather than the US Swiss Frank. Very good Liam. Very good you almost read my mind is like reading my mind. So if I did look to buy it towards the upside, could it could happen, but it will be counter trend, you know, like I was telling you at the start. I do prefer a bit more of a trending scenario so what I would actually be looking for is whether price could climb and turn down. So if I would be looking for reaction at that point of 9690 then I would rather sell it down towards the downside. In this case, I'll be looking at a trade like that. So about a 30 pips stop loss at about 9666. I would have a 60 pips towards the downside towards that support level. Right there'll be a one is to two risk what ratio towards the downside. And if that happens you can see it happens quite quickly back in July. The next trade will be if it breaks below that level again towards the downside. So US Swiss Frank, I would rather sit and wait before looking to jump into a counter trend trade or rather let it react and trade towards the downside. Okay, a lot of people asking for pound dollar. Not usually one of the big favorites on the pound dollar in terms of questions. This was an analysis I did for the pound. What was it, let me just check. There was a news there so the interest rates decision. So on Thursday last week, the Bank of England actually increase interest rates in the UK by 50 basis points, they went from a 1.25% to a 1.75% right. As interest rates what will you normally expect if given that the Bank of England had increased interest rates, should the pound dollar get stronger or weaker. I know what you're going to say. Right, typically what we would expect is for the pound dollar to get stronger as interest rates increases, but if you read into the summary and report. The point is that although nine members voted to increase rates right the first number is how many members voted to increase. If you went into details, eight members actually voted to increase by 50 basis points, and one member actually voted to increase by 25 basis point. Right so that's one, one of the reasons why we saw a reverse reaction. And also, because I won't find I can't find it there but in the statement in the report, it was said that they anticipated inflation in the UK to reach 15% by 2023. So, although they are look they're increasing rates, and they've been the first ones to increase rates, and now they're doing 50 basis point rate increase. They still Bank of England is still projecting that inflation is likely to increase to 15% in 2023. And because of that, we saw the pound dollar. This was during the news shoot towards the downside quite strongly hit that 1.2066 level before bouncing back up again. Right, so if you did that trade great. We saw the non farm payrolls bring it lower again now retracing back up. My view here on the pound dollar take this lines away just to clarify things is that if I put this line right across this line 1.2050 my line there. Right, put that line across that's the support level that was a resistance was a resistance support support and also support area there. That's why we see the pound dollar bouncing back up. What I actually think might happen is, like some of you have commented already where all my lines. I'll take that away first. Right, we've actually seen the pound dollar drop I think what will happen is we're likely to see this bounce back up before turning back down again. To do yet on the pound dollar. I'm looking for it to break below that line. I'm looking for it to break below that support level for possible move towards the downside I don't think you'll get to that 1.18 level. Right, I think first it needs to come and test 1.1930 or about about that point 1.1920. So, for those of you who are looking at a trade. This is what I would be looking at. I'm monitoring the pound dollar I'm looking for a rejection of the upside I'm looking for it to turn down. My safe, my safe entry would be at about below 1.2020 stop loss about a 50 pips take profit about 100 towards that 1.1920. So, what I'm looking at one is to to risk what ratio towards the downside. Right, so I do want it or I do need it to break below that recent low point needs to break below that recent low point before I'll be looking to sell it towards the downside. It's pound dollar it is pound pound dollar does tend to have a bit of a trending scenario moves in a bit of a consolidation before a quick break towards the downside. One thing as well is that you could actually note I'm not great at child patterns I'll do that I'll put that as a bit of a disclaimer, but a bit of a shoulder head, and then the shoulder again so as it breaks that neckline. Right, I'm looking for that downward push. So now I'm looking for it to come up test that nightline to push towards the downside. Good question there from CISO is why don't I analyze my trades on a higher time frame like on a daily and the weekly. What I tend to realize one approach is that you know trading is a bit customized it's not one size fits all. I have to do what's comfortable for you. So for me is that if I looked at charts on a daily or the weekly time frame I don't actually have that patience to sit there and wait for a setup because on a weekly and daily time frame. It would take a long time to happen. And I'm looking at charts all day, every day, right Monday to Friday. So, because of that I look at on age for time frame, and then after that I go into the age one. And then during the news I look at a m one m five and m 15, but typically I'm on the age four to do my trend support resistance lines, and then after that on the age one to look into possible trades intraday trades. And also, another reason is because I find that for most retail traders. Not everyone has a huge trading account. So, if you looked at the daily time frame or the weekly time frame, one is it takes a long time for you to set up and then two is that it your stop losses and take profit levels could be quite a distance away, so if you set up having to trade a smaller lot size, then you wait so long to make that smallest trade doesn't actually seem worthwhile in the long run. So, and, and also I find that retail traders tend to not have that patience to hold on to trades for too long. So I found that as I'm coaching people. I look at age four and age one as a more reasonable time frame. Right. Okay, good stuff. Let's look at back to the list of currency pairs us cat. Okay, this is too many lines here I'm going to clear out some lines. Yes cat has been right we looked at the news we saw weakening in the cat. We saw strength in the dollar. That's why we saw the cat should up to test that one point, almost 1.30 level 1.30 is here. Put a line there, but we saw it shoot up with the news from this point to push towards upside. And again, you can see that the cat is in a bit of a range right is a bit of a range is come down bounce back up come down bounce back up. And as it goes up, I'm looking for I was looking for it to reject to turn towards a downside. This move towards the upside is always was quite straightforward because of the non fun payroll because of the Canadian employment numbers. We saw that push up, but it came very close. It came actually towards that 19th July high before turning towards a downside. What should you be looking for what I would be looking for here on the US cat is for price to track lower. Right, I'm not looking to do anything right now. What I needed to do is to trade lower. And to break below that point to break below that 1.2886 level I would just round it up to say 1.2890 level. Right, so once it breaks that level then I would anticipate the US cat could go towards that 1.28 round number support level 1.28, then I would say that if it does break below I would say hey selling opportunity towards a downside. Tight stop loss 25 to 30 pips take profit about 70 pips towards the downside. A one is to 2.7 risk what ratio towards the downside on the US cat. If it breaks below that support level, but hey, we were expecting the US dollar to get stronger with expecting the dollar index to get stronger. If that happens, we could see it bounce up. This is where I like how it's at a support or close to support level. Look for it to trade lower. If it bounces back up like that, then you have that flexibility to consider both either the upside or the downside in this case. Upside 80 pips stop loss very tight about 2030 pips. As you can put it even at 30 pips there, a one is to 2.5 almost one is 2.5 risk what ratio towards the upside on the US cat. Right, so I would say be a bit flexible on the US cat. Look, watch the price action at that 1.29 level. See what if it's going to break. I could have a selling opportunity. If it bounces off, we have a buying opportunity towards upside. All right, so far so good. Okay, good stuff. Next one, gold. All right, so previous analysis on gold, bought it towards upside. It's done that came very close to the tech profit came very close to that 1800 level. Didn't hit came back down to test that support level of 1770 again. Right now, take that away. It's almost like a repeat. It's almost like a repeat. I'm looking for this now to bounce back up towards upside. Straight forward, you know, gold does have that inverse relationship with the dollar. But as investors and traders are getting worried about recession about global recession, gold is likely going to have some strength to push continue that recent trend towards upside. So, I see a question asking for Euro dollar I will get to that after this. All right, so gold again, I'll be looking at stop loss at about the 1766 level below that support. Take profit close to the 1805 level towards upside. You're looking at a one is the two reasonable ratio towards upside for gold following on with that upward channel, right, following on with the upward channel. I'm not sure it will go all the way towards that point because it needs to break above that resistance level, but we could see that move on gold towards upside. All right, and that's going to be towards that resistance that was tested in July this year. Super super. All right. Okay, so now looking at Euro, Euro dollar. Okay, I'm just wondering why so many lines here. So let me just zoom out a bit. Check lines. Okay, so Euro dollar we do have a line that I'll take this channel away because it's a bit messy. Euro dollar does have an upper limit and upper limit there. That's upper limit there. Right between that 1.0386 and 1.0340 level that's key resistance level key support is a parity. And you can see but despite all that Euro has been trading in that horizontal fashion, right in the wide consolidation between that 1.0250 level. Right 1.0250 level at there and the lower level of about 1.015. Did break out a little bit bounce back up break through a little bit, but in the overall view it has been trading between 1.015 and 1.025. Still likely to remain within this range. Pardon me. Still likely to remain within this range on the Euro dollar, which I'm not super keen on trading on a horizontal range but I do know that there are people who like trading in this horizontal fashion. Looking at it on the H1 timeframe, you could be looking for very short term trades and the reaction to that resistance and the reaction to that support level. Right so what you could be looking to do. If you're always going to drop back down, look for possible bounds towards upside, look for possible bounds towards the downside, and then to remain within that range. That would be the, that would require you to manage your trade very closely, because it is trading within that 100 pip range. It does it could break out it could bounce back in again. Not something I like to do with not a very with quite a narrow range to be trading within what I'd rather be waiting for is if price could break towards either. The upside or the downside. Again, let's guess. Would you think that I would prefer price to break towards the downside or the upside. Hey, no, well, yep, I will get to Bitcoin later shortly. So just bear with me. I'm loving this questions I'm loving the interactions there. John says downside typhoon says upside Isaac says upside downside downside right so I'm actually looking for Euro dollar to break towards the downside right to break towards the downside because look at the trend big downward move. The ups, the Euro, although the Euro dollar has or the ECB has increased rates recently it is still a lot slower compared to the US. So I am still looking for downward move. Right, I don't think it's going to happen in a hurry, like Brian says that very good Brian. I don't think it's going to happen in a hurry, possibly not this week. Why, because if you look at the news for this week. Nothing much, not a lot of news, especially in the Euro for the Euro zone, we do have on Wednesday inflation numbers for the US could see some strength on the US dollar there. Some PPI numbers for the US pound with the GDP number, not much for the Euro dollar. Right, and because of that, I don't think it's going to move towards the downside in a hurry. I actually think that we're going to see it trade within this range. Right, we're likely to see a test. Not so much towards the 1.03 level I think let me just make it a bit more accurate. I think we could see it test that point again 1.03 before turning towards a downside. So what I'll be looking for is either to sell down from that point. Right, so either to sell down from 1.0110 towards the downside. I'll be looking for it to go up, and then I'll be looking to sell it towards the downside from that 1.03 or 1.029 level towards the downside. Right, so I'm only sitting there watching the Euro every time it goes up turns back down from the key resistance levels. I'll look to sell down if it breaks below this range I'm still not going to do anything unless it breaks below 1.010 then I'll be looking to sell down towards that parity level again. I love asking this questions over the last couple of weeks. How many of you we've got, you know, quite a number of you on this session at this point. Do me a favor, let me know. Do you think the Euro dollars going to break below parity? Do you think we're going to see it break below that parity level sustainably as it break and stay below, not like what we saw here in July where it broke and bounced right back up. Do you think it's going to go below strongly? Yeah, Rene says no. Is there a telegram for this platform or just to zoom? I think it is just on zoom there, Noble. Richard says yes, 988, very specifically at 982, you don't see Euro breaking. Alright, I would differ a little bit from everyone for most of you here. I do think it might break, but possibly not soon, not so soon, not this month, maybe in September, maybe towards the end of the year, but not so soon. So I think that we might see it break, but not so soon. So let's see, you know, something to watch out for, starting to put on the watch list and to consider. It is, it really does depend on some catalysts, right, is the war in Ukraine going to get worse oil crisis in German gas crisis in Germany. Many catalysts that could cause that to push towards the downside. So yeah, could go down, but not so soon. Right, so let me see, what else do we have? Which other pairs are you asking for? I've done Eurodollar, I've done Gold, Pound Yen. I look at some of the Yen pairs and we jump into cryptocurrencies, alright? Pound Yen. Right, so Pound Yen previously looking to break towards upside didn't happen. But look at it, straightforward, you can see what happened here. Big tail hit, that's 164 level, turned straight back down. Big tail hit close to that 164 level, turned back down. So looks like the Pound Yen doesn't like that 164 level and also with the way we were looking at the Pound Dollar, right, we're looking for that downside move. We're looking for the move up and turn towards the downside. So for the Pound Yen, what I actually think is that we might see another push towards the downside. I'm looking for a repeat, almost a bit of a repeat there. And you can see that that's forming a bit of a, oops, a bit of a support level there, right? So I'll be a bit more careful with that line. Because you can see that it tested this level end of July, again end of July, early August tried to break higher, and again here. So what I would be looking for on the Pound Yen, can it break below that 162 or actually 163 level, right? If Pound Yen can break below this 163 level, next key support will be at about 161. So I would say that if the Pound Dollar drops, this is all conditional, if the Pound Dollar drops, then we could see that downside move on the Pound Yen. About a 40-pip stop loss, about 120-pip stake profit, a one-to-three risk-worth ratio towards the downside, towards that 1.6150 support level, right? So Pound Yen needs to break below that support level for that downside move. Alrighty, good stuff. Kiwi, I'll look at Aussie Yen and Kiwi Yen, right? So Aussie Yen pushing towards upside, why is that pushing up primarily because of the Aussie Dollar, right? Aussie Dollar pushing towards upside, dragging that Aussie Yen together with it, pulling it towards upside. Look for a reaction at about that 94 level, right? Just nice, right? At 94 level, same point here, same levels there, we saw that reversal. I wouldn't do anything. I wouldn't do anything on the Aussie Yen yet. Again, I'd rather not trade that smaller move. I'd rather wait for it to break below that 93.60 level for that downside towards that 92.50 level, right? The first target, 92.50, could happen quite quickly. Could happen quite quickly. So about 93.30, 93.40, stop loss about 30 pips, take profit at about 60, 70 pips. A one is to two, one is a 2.5 risk-worth ratio towards the downside on the Pound Yen. But don't do anything yet. It's right in the middle between that resistance and that support level. Let it react to a level easier to trade from there. All right. Let me see. Got a few questions. If you're expecting Fed to raise interest rates, so dollar goes up and there's a risk of recession, are we expecting dollar to be suppressed trying to make sense? So good question there. If the Fed increases or given that they're likely to increase interest rates, we're going to see the dollar strengthen. We're going to see the dollar strengthen because interest rates in the US is going to be higher than everyone else or in comparison to everyone else across the world. And it's also unlikely that the US will be in a recession alone. So what's likely to happen is that we're going to see the dollar strengthen. We're going to see, we're likely to see the US go into a recession. Maybe if that does happen, then the rest of the world is likely to go into a recession as well. Because of that, then the dollar is still likely to be stronger than the other currency pairs in relative terms. So because of that, we're going to see not so much a suppressed dollar, but we're going to see a bit more of a volatile dollar because slowly one by one the other countries will start announcing that they are in a recession. So first you might see dollar strength, a bit of dollar weakness as other countries are not in a recession yet. Then if they become in a recession, then we see that dollar strength again. So higher volatility expected. Anthony, we have a question. Do you use multiple timeframes to trade and how do you do that? I would say that I do use multiple timeframes. I look at H4, trend support resistance levels, then the H1 for their reaction to those levels. So I pair it between the H4 and H1. But remember, if you're entering a trade based on H4, stay on H4, analyze your trade on H4. If you are looking at it on the H1, then analyze it on H1. Don't try and mix, don't enter a trade on H4 and then try and manage it on the H1. It would just be super messy. Questions, questions, questions. Brian already selling the pound yen. You could, I mean, you know, that's why I said it's all about what you're comfortable with, what you're looking towards. Some will get in early, some will get in a little bit later. Just remember to manage your risk there. I'm pretty sure it will be uploaded onto the YouTube channel. So just watch out for it. Wow. Why is there such a high failure rate? I have no idea about this thing is a lot of people listening to analysis and actually trading with analysis and actually managing the trade. Totally different needs a lot of habit to kick in something that needs a lot of practice, a lot of screen time, a lot of experience as well. So that's why we're here to help you. That's why we're here to help you get the odds in your favor. All right, so I promised a few of you. Now let's look at Bitcoin. What's the best pair to trade on the $100 account size and so what log size. If you're doing $100 account size traders, the smallest you can, the smallest you can. I would actually say is that it depends on where in the world you are based on which pair to trade, because it depends on when you can look at the charts. And I tell you that if you were in the US and you were going to trade, or rather if you're in the UK and you're going to trade the Aussie dollar might not work to your time zone. So it depends on where you are to figure out which pairs you should be trading. Okay, and at $100 trade the smallest you can. It's all about building the experience with that account size. Bitcoin with the cryptocurrencies what I tend to do is I look at it on a daily timeframe right so on cryptocurrencies because of that volatility or the previous volatility. I look at it on a daily timeframe quite straightforward. Previously I was always saying 23,000 right now it's 24,000 as a cap as an upside cap. What happened here is that we're likely to see a test, but turn back down again, right. I think we might see it turn back down again before pushing towards upside. The question most of you have in the back of your mind is likely to be, can Bitcoin hit towards that 2928,000 29,000 level or even the 30,000 level. I do think that it's going to get there, but possibly not straight away. Bitcoin used to be uncorrelated to the other major currency pairs or the markets, but right now it seems to be quite highly correlated to the equity markets and also the, to some extent the dollar as well. Just watch out for that. I think that we could see a slow move towards that 3028,000 30,000 level. Right. And also I know that as much as I say a slow move, the next moment it could shoot towards upside. So just be extra careful on the cryptocurrencies. All right, Euro Aussie. So is that a telegram platform? I'm not sure. I would have to check that I'll check that and get back. You know, I'm sure they will tell you that in the next session. Let me put a note of that and tell you that in the next session, if there's a telegram platform. All right. If not, there should be. We'll get that. Okay. Euro Aussie. Take those lines away. Because you can see that factor H4 timeframe. I shot up, came back down. That lines away. And I'll put in this two points for you. Right. So the first one is at 1.4559 or 1.456. The next one is at about that 1.1.48 I would say 1.48. And it seems like the Euro Aussie is stuck in that range. It's stuck in that range. You all know how I trade now. I'm possibly, I'm looking towards the Euro Aussie, not so much to break towards upside. I'm looking to see if it can break below this number of 1. Make it a nice number. 1.4550. If it does break towards that downside, then. Okay, I'll put this right across. You can see why it's such a key level there. If it does break towards the downside, then the next key level is at 1.4392 or 1.44. You can see daily timeframe, big downward move, candle pushing towards the downside. What it needs to do now, it's break below that support level from 1.4629 break below that point towards 1.44. Selling opportunity only below that support level. Stop loss. About 50 pips. Take profit. Oops, how do I do this? Okay, go back there. Take profit. At about almost 100 towards the downside of 1 is to 2 risk-vault ratio towards the downside on the Euro Aussie. Why can I watch this webinar in the previous ones? I'm pretty sure it gets uploaded onto the YouTube channel, on the Tick-Mail YouTube channel, so check that out. If not, then I'll find out. I'll find out and let you guys know where to re-watch this. But hey, if you're going to re-watch it, make sure you join for the next sessions and all subsequent sessions as well. What happens to Dow Jones when energy prices increase? Well, it depends. Why is the energy prices increasing, right? Energy prices are dropping right now. Energy prices are dropping right now, but we haven't seen too much correlation on the Dow at this point. But if energy prices increase because of conflicts, because of further cuts in production, then we're likely to see the Dow move in a similar fashion to the energy prices. If it happens for other reasons that we might see that inverse relationship. So it's not so binary between the Dow and the energy prices. It's going to be a little bit more dependent on the factors causing the change in price. All right. With that, we come to the end of the session. Please let me know in the chat, did you enjoy the session? Was this helpful to you? If there's anything else I can, you know, we can do for the next sessions, I'll be happy to take on that feedback. You're most welcome. Super. Thanks for that, Noble. Fantastic. I do like my fundamental sessions. Thank you all. Excellent. I hope to see you all at the next session again. Take care now. Bye bye.