 Hi guys. Hi. Can you guys here and see me clearly? Hi Ellen. Hi. Hi Yali. Hi guys. Hi. Hi. Let me know if you guys can see and hear me clearly. Okay, that's great. Hi. Yeah, if you guys have any comments or requests, feel free to type it in the comment section because I can see it on the other page. I can see all the comments and questions that you guys have, right? Hi. Let me know where you guys are tuning in from. Right. Hi, Taven. Taven sounds familiar. Hi, Stefan. Oh, from London. That's nice. Italy. Tanzania. What? International. Nigeria. Myanmar. Yeah, so right now it's 531. I'm tuning in from Singapore. Any Singaporeans tuning in here? Cape Town, New Zealand. Must be quite early in some of your countries. So in today's session, we are going to talk about, we're going to discuss some of our setup, some of our FX setup that we have reported for the rest of the week. Okay, we will do some analysis together. Let me know if you have any requests. Okay, so the first half of the session will be done by me and the bell and then I will pass on the second session to Jin, where he might share some of the more fundamental side of the trading of trading the pairs, right? And obviously we'll be doing different pairs. So I'll be covering more of the USD pairs like your USDJPY, EuroUSD, GBPUSD, DXY, as well as maybe your USD Swiss Frank. Okay, so for Brent and Gold, yeah, you can request. Jin might probably be covering that. Yeah, so I will leave that to Jin. Okay, we'll just give the rest of the audience maybe one to two more minutes to tune in. Okay, thank you guys for tuning in today, right, for the Ultimate Forex Trading Masterclass. Okay, so let me know if you have any requests of any currency pairs that you are interested in or any commodities. We will try to cover as much as we can in this one hour session. Yeah. Okay, so before I start, I want to bring you guys to some of the important pages, important websites. Okay, so this is the website that I will paste here. Okay, for you guys to register. Okay, moving forward so long as you register on this page, right, they will send you an email to let you know that what are the upcoming sessions, the date and the time. Okay, so before the session starts, they will inform you. Okay, this is the page to sign up just need your name, email address, as well as your phone number. And then this is the place where you can see where are the where and what are the upcoming webinars, right. So from on 19 of September, which is today you have your advance forex. Okay, these are all the upcoming ones. So right now, as we speak 530 there's one that is supposed to be here but because we have started so that they took it away, but usually you should be able to see what are the upcoming webinars on this page here. Can you, can you guys see the pages that I actually pasted here. Oh, oops. Oh, okay. Yeah. Okay, if you can, can you see I will replace again. That is to sign up and then this is to know what. And this one is to know what are the upcoming webinars that you'll be tuning into where I from. Okay, Desmond is actually our CEO but then I'm using his computer to actually host this session so we are from Singapore. Okay, so yep, this page will be for the upcoming webinars if you want to know what you're tuning into just click this page and this page so if you, if you have missed any of our sessions, right, and you want to maybe rewatch it, re-visit those pages or you have missed the first half of the session and then you want to tune in again. This is the YouTube page that you can see all our previous sessions, right, where we talk about maybe some of the more educational ones like your price action strategies how to improve your stop loss take profit support and resistance etc. You can actually come to our YouTube page, which I have already pasted here. Okay, tune in. And you can rewatch all the recorded videos. So today's session will also be recorded and it will be uploaded within the next couple of days. Okay, so without further ado, I will start the session today. Okay. So before I start, I need to say some disclaimer first. So the material provided is for information purposes only and should not be considered as investment advice. The views information or opinions expressed in a text belong solely to the author, and not to the authors employee organization committee or other group or individual or So before you actually place any trade, please do your own due diligence because this webinar should only be construed as education only. So today's session will be hosted by us, Everest Fortune Group. So today's session is about trading strategy clinic where we talk about some of the good setups that we have going forward. Let's analyze together. If you have any requests, sending in a comment box, I have another page that is open. So I can see we have Jin, he will be the second half of the session speaker, right. So Everest Fortune Group is the finalist for best effects research in 2019, 2020 and 2021 for those who don't know, as well as finalist for best equity research in 2020 and 2021. And then this is me, Annabel, and yeah, we are both analysts in the company. Okay, let's move on to our live charts. Okay, I will start off with my, let me just check. Let's start off with DXY since it's like more similar to your USD, right. Let's take a look at our daily timeframe to have a general idea of where the market is actually headed. And because of the current situation right where the Fed has been raising your interest rate, so prices of DXY has also raised exponentially right since the start of 2020 if I'm not wrong. Yep. Okay. So the general trend of our DXY should be moving up. I don't think I can draw any parallel channels. Maybe this is okay. Okay, maybe we can do this. It's okay. Okay. So overall trend for 2020 is upward. Zoom into your four hours. Right. So if you guys don't know, okay, usually we'll check into the economic calendar to see if there are any important news of the day. So for example, today, today's Monday right. September 19 so this is for SGT so you have to adjust to whatever time that your country is looking at. So for Monday we do not have any important news but if you scroll forward on Thursday there is all your fat talks your bank of Japan. Basically all the important news are coming up on Thursday so please take note. Maybe you might want to stay out of trade during Wednesday and Thursday. Okay, so market might be moving sideways now because of the upcoming. The news release on Thursday. Right. So maybe some of the traders they might set up this week until Thursday. Okay. So for DXY, for DXY, let's take a look at trend of even actually is actually testing at 78.6. It looks like it's moving upwards since it rejected off this area here. Right. This is, I would just generically put where my resistance my support and the support actually I'll put my support and resistance level first, then we will fine tune it after. Okay. This will be my first resistance. Okay, let's try to find as project forward to see how far it can go. Okay, so potentially if you project forward, your DXY would potentially come here which also coincides with your, your channel right is still respecting the channel so it's very, very likely that it might come to this area which is a 61.8 projection if it breaks my first resistance. If it doesn't, let's see if it might come back down. Okay. Okay, it will come here 78.6 and 100. Okay. All here. Is there any swing low levels or overlapping resistance. Okay, here will be my second support. This is the 100% projection which also is a zone where my previous swing high field to break right until this area here. So this is a key level that I will look up for as well because it touch 12345 feel back down and break only at this level. Okay, so this is also a key support that I will take, I will take note of. Let me zoom out again to see if I have any other levels that we can look at, but looking at the charts here it has been respecting my each local as well as my ascending trend very nicely, right, creating higher highs and higher lows. So I expecting the same moving forward, given that the fat might actually increase the interest rates again, right this Thursday. So if I were to look at this chart. I will be looking at prices. Okay, since it failed to pull back or break this area here. Okay, actually you might use this as your first support case if it's too far away. This might this could potentially be your first support. Okay, this area here. So pull back this support level all the way back. If this didn't happen right because this actually broke. If not this would be a very nice overlapping support here because it touched here here. Potentially here this area, as well as all these levels that I failed to break, but I will just do this. Okay. This came down a couple times fail to break my first support and it's moving up so we are generally in a very, a more bullish direction now. So I'm thinking price might actually move up to my first resistance and then there might be some resistance at this area before a pullback or if prices are so strong and my bullish momentum is so strong to break my first resistance then I will bring it to my second resistance at the 61.8 projection level. Okay. Yeah, let me see whether there's another. Here is my projection. It is quite close to my 127 as well. So you could be aware of this zone zone. Okay, take note of this zone. Okay, prices might actually come to this level to 78. Yeah, it's testing my 78.6 but it could potentially go to my 127 here. Okay, so take note, if since price has failed to break my first support level, which is here, I'm looking at prices moving up. Given that the whole market sentiment is that DXY is moving up, it's still respecting my channel that the fat might increase rate this Thursday. We're also looking positive. So if price comes to test the first resistance and it breaks here, I'm looking at it testing my second resistance. I'm looking at prices which is at this zone here because there is the 61.8 projection level as well as my 127.2 extension. Okay, but if there's negative news or if the price rejects my first resistance and test my first support, if it breaks this level, I'm looking at prices coming back down. Okay, if this support is too far, you can actually move it closer. Okay, this level is actually good as well. Okay. This is my 78.6 projection level. Right here. One, two, three. So my project 78.6 projection here, as well as my two touch of previous wing low. So it might come back here to test if it breaks my first support. Shannon, will this analysis of charts work with crypto markets? The basis and the methods could potentially be used on crypto as well. Right, your feed levels, extension expansion, your indicators. Okay, let's take a look at some. Here there is one, but we really missed it. So prices actually went down from here because it's a bearish. But anyways, you're moving forward. That's our analysis here. But I would assume that price will be ranging around here. This few days, these two days before the news, right. Okay, let's move on to USDJPY. Oh, let me see. Okay, yeah, let's take a look at USDJPY. We can zoom out to see what is the general view on USDJPY. Since it's quite correlated to my DXY, so with USD strengthening, we will be expecting a sending trend as well. Okay, overall momentum is upward. Let me see if I can draw any channels. Okay, that's quite nice. Okay, so on a daily timeframe, you can see this ascending channel, still respecting my Ichimoku as well as the channel itself. Let's zoom into the four hours. The first thing that I saw would be this double top here. Price projected twice. But prices are still moving upwards, so there should be a squeeze here. Okay, I'm looking at. Okay, prices will be ranging here. Before a breakout, upward, or this way, depending on whether USD goes up or comes down. Okay, let's see if I can get any fit levels. Let's see whether extension works here. Okay, I already broke past my 127. Let's see if there is a 161. Okay, we can look at 127161. Okay, this area sits nicely with my 161.8 extension level. So this will definitely be my first resistance. Let me just drop it down. Okay, first support potentially could be here since it failed to break this level. But if you feel that this area is too close, you can actually put it here as well. Okay, so depending on whether you are scalping or if you are de-trading. Right, so I will put here as my first support. Actually, or you could do this first support and then here would be your second support. Okay, let's see. Let's take a look at our second resistance. I think it's quite, okay, it's back all the way back here. But this is our second resistance. You have to zoom out to the money because it pulls back. It pulls all the way back to before 2000. So you have to zoom all the way back. Okay, this would be our second resistance here. If price actually breaks past, okay, so like I've mentioned, right? This is the area where you'll see a squeeze. So potentially if rate height happens and it breaks past my first resistance, I'm expecting price to come to this level. Maybe slightly before because it's still within the channel itself. And then there might be some commotion here, right? Because it will be a challenge to actually break past my channel. Yeah, I'm expecting some commotion before it touches my second resistance. Okay, but if let me move that point. But if let's say price comes here, reject again. Reject my first resistance. I'm expecting a pullback to my first support, which is here. You'll break this ascending trend line. Okay, I'll put it here. You'll break this ascending trend line to come back, right? And break this ascending trend to my first support. And then subsequently my second support here. Let's see what levels, what feed levels they are. It should be my 23 or my, yeah, this level would be 23. Yeah. So before that, there's no feed level. So if you find it too close, you can use this as first support. Okay, let's pull it down here. So this zone where my 23.6% seats will be my first support level. And then my second support, I would actually put it here where my previous swing high is. Okay. And then this will be my 38.2% feed level, which sits nicely. Okay, let's move on to maybe GBPUSD. Let me know in the comment section if you have any questions or any requests, right? Okay, let's take a look at GU. Okay, overall GU has been on a descending trend. I'm pretty sure I can draw a channel here. Okay. It's still in a descending trend as we can see. And then this will be the key level that I will look at, which is already broken. Give me one sec. Let's pull back to see if there are any... Let me just mark this down. This was the previous low. And then this is the next low that we're looking at. Okay. I'll put it as second support. Okay, zoom into my daily. Okay. Let's see if there is any feed levels. But nonetheless, we just note it down first. It might be a zone that we can look at. Let's zoom into the four hours. Okay, so prices have actually came down, but in a very nice and in a descending manner, still respecting my channel itself, right? As well as my Ichimoku, I'm expecting price to come down further to the lower part of the channel here. Okay, since price already broke my first support, which is a previous ring low, I'm expecting price to go further down since it has not rebounded yet, right? It seems like it's going downward. If price is respecting the Ichimoku and my channel itself, then it should go down this way. Let me draw some feed levels. Okay, the second support is slightly too far, so I would not use this, but that was a previous swing low that we have noted down. But potentially, my first support would be at this level here and then my second support would be here, where my 127.2 and 161.8 extension sits. Let me see if I can draw a projection forward. 61.8. This level seems... Let me remove the rest of the feed levels. We will keep 127 and 161. Okay, so this first support, which is my previous... Let's see. Ignore the second. Okay, so my first support here, since prices are coming down, it will touch my first support level and there might be some resistance since it's the 127.2% Fibonacci extension. So there might be some resistance here. Price might actually rebound, come back to the 100% before it breaks if the bearish momentum continues. So once it breaks my first support, I'm expecting price to come down to this... to the second support, where my 161.8 extension, as well as my 61.8 projection is. Okay. I have noticed you have the 127.2 extension. Okay, Ali, you can use 127, 138, and 161. They are all the... They are all Fib extensions level as well. So we are actually not particularly looking at any specific levels, but rather we are looking for confluence, like this, where your 161.8% extension and my projection, 61.8 projection sits together. The more levels or more confluence that you can find, the higher chances of prices reacting off that area. Right? Okay. Yeah. So for resistance level wise, I will put my... If let's say this is my first support, my first resistance would be somewhere here. Okay. When my previous swing low overlapping resistance is, this will be my first resistance, and then my second resistance will be placed here. Let's see if I can draw in a projection. Okay. Okay, my 78.6 lies nicely here at this level. Right? 78.6 Fibonacci projection. So this will be my second resistance level. Okay. Okay. Now I pass on the time to Jin. Can you let him know if you have any currency pair requests? All right. Hello, hello. Welcome back, everyone. Welcome back to me. How are you guys doing today? So quite a number of news. So I'm jumping in. Hi, guys. How are you doing? Right? So what I wanted to do the session today as well, I just wanted to just let you guys know a couple of big things that used to be had for, you know, the coming session or this week. I just wanted you guys to, you know, pay attention to those in particular. All right. So I'm not sure whether Annabel covered through that, but I mean, I see the news here already. It's on Thursday. Thursday. We do have a whole series of news. U.S. interest rates decision. I want to try and get you guys to let me know what do you think. Right. Interest rates from the U.S. looking to go from a 2.5% to a 3.25%. Do you think there's a 75 basis point increase? Do you think that there's going to be a chance of a possible possible hundred basis point increase? What do you think? Put in the chat. Only 75 or do you think that we might even see a hundred basis point increase? I want to look at the news a little bit more. Then just onto the charts. So. So Ali thinks 75 consensus. Jamilu 75. Right. June hundred basis points. Yep. Great. What about everyone else? Okay. So. Interestingly, what I actually think is that. 75 is priced in Ali says it. Right. 75 basis point is priced in already. So. Most likely we're going to see that happen. I'm actually wondering, you know, starting to plan for the scenario that we actually might see a hundred basis points. Basis points are. Interest rates is how you count interest rates. Right. So 75 basis points is a 0.75%. So we're called when you say a hundred basis points is 1% increase. All right. So Valentine there. 75 basis points is a 0.75%. So in my view. Regardless of whether it's going to be if it's 75. We're going to see that. The most likely the dollar index is going to increase. I'm going to climb up. Main thing I want to focus on is also not just on the number there. You want to pay attention to the statement and also the press conference. Okay. Because what we're actually seeing now is from recent. Let me just scroll back. I believe it was last week. Right. From recent US CPI data, it still shows that inflation in the US is still climbing core CPI coinflation data for the US was 0.3% expected to be another 0.3. But it came out at a 0.6. So we're still seeing interest rates increases for the US. And because of that, we might actually see the FOMC or the Federal Reserve continue to raise rates a bit more aggressively. Okay. So pay attention not just to the number, but what's actually said in the statement. Are they talking about longer, more interest rates increases for longer. And also in the press conference was their view. One worry, one worry is that if they keep increasing interest rates, if they keep increasing rates, then we might actually come into the situation where we will see possible even more aggravated recession, not just in the US, but into the global economy. Okay. So just be extra careful that watch what they say during the press conference and the statement. It could be, it's not always a good thing that they're going to increase rates. It's not always a good thing that they're going to keep going, increasing rates, inflation continuing to grow. If rates keep going up, we might actually see a recession or more aggressive free recession being applied onto the US and then into the rest of the world. With that, I will share with you about the yen. So we're not expecting any surprises here from the bank of Japan with their monetary policy statement. I don't think they will be surprising markets at this point, but if they do come out and surprise markets, it would be a bit unlikely. So I jump into charts here now. It'll be a bit unlikely that my US yen, which is drawn in there, it'll be unlikely that we will see a big upside move. Any surprise from the bank of Japan is likely to lead to that downside, right? Anticipating now or markets are anticipating or preparing for weather. The bank of Japan is going to intervene, right? We've seen the US yen weakened so significantly hit that 145 level one time, two times, could be a third time coming up, but could the bank of Japan intervene, try and slow down that weakening of the yen. So if any surprises on Thursday from the bank of Japan, it could lead to some intervention. It could lead to the yen coming back down towards that 141 and possibly even that 139.35 level, all right? So that's the quick recap on my views. I'm sure we've gone through that already, but that's my quick recap and my views on the Fed funds rate and also the Japanese monetary policies statement. You have no choice despite high Xeon year inflation to 8.1% not much significant change since March. Yeah, you're right, Ali. They have to, it's almost like they have to increase rates, but that's going to have that negative impact as well. Interest rates climbing, right? We're going to see slowdown in economic activity or we've already seen slowdown in economic activity. GDP quarter on quarter has been in that negative territory for the US. So it's almost like a catch 22. They have to increase rates, but they're anticipating a slowdown in economic activity. That recessionary fear is the big concern, but that also gives us some opportunity in terms of gold, which I'll share with you shortly on. Before we jump into gold, what I actually think is a good, possibly a good trading opportunity. Again, remember to do your own due diligence, check your trades, check your analysis before you jump in is that Swiss franc, right? Before I look into it, Swiss national bank policy rate was a minus 0.25% expected to increase to a 0.5%. So a 75 basis points expected here or 0.75% increase expected here. And I'll show you the last time it did an increase of 50 basis points on the 16th of June from a minus 0.75 to a minus 0.25 Bear in mind that was a bit of a surprise increase what we actually saw here on the US Swiss franc. Zoom it back out. On the 16th of June, that's where we saw that big drop, right? We saw on the 16th of June here when the news got released, it tested that parity level and went straight down from parity all the way, almost in a straight line towards that 0.9652 level, price level, right? So that was that news with the surprise interest rate hike from the Swiss national bank. So coming back to current, what could happen here, right? What I'm anticipating, I'll take away a couple of these lines first, right? At this point right now at 0.9964, 9965 is a number. What I'll be looking for is, first, US interest rates decision could push the US Swiss franc towards the upside. Anticipating a stronger dollar, we're likely to see the US dollar get stronger to push the US Swiss franc up, right? How high can it go? The immediate resistance level, especially if it clears above that 0.97 level, we could actually see it climb towards that 0.9859 or 0.9860 resistance level. For that push to go up because of the DXY, because of the US FOMC, following on from that, if we do see the Swiss national bank come out with an interest rate increase of 75 basis points that could lead to the same thing that happened here on the 16th, that big downward move, then I'll be anticipating a rejection of that resistance level to turn back down, possibly not just to the first support, not just to the second, but back down towards this 0.9550. Back down towards 0.9550 level. Looks like a two part move on the US Swiss franc. This is an H4 time frame. So first part early on Thursday morning, US dollar strength to push up. And then with the Swiss national bank pushing or giving strength to the Swiss dollar, pushing it back down, Swiss franc pushing it back down towards that 0.9550 level. What do you think? Do you think this would be a likely scenario here on the US Swiss franc? I can tell you that this would be one of the pairs. They'll be paid a lot of attention to, especially on Thursday as the news gets released. All right. Pound dollar going to hell. Will we see pound dollar at parity? Likely in the next two years at this trend. Hey, Ali, that was one of the things that I have been talking about today. Pound dollar, just jumping to that. Pound dollar, tracking lower. I actually did have a trade. I traded this. I did have, let me see what was my trade there. This afternoon, just this afternoon, I saw that rejection. So that pin, that two twizertops there at about this 1.14. I had 1.1430. So as it rejected 1.1430, sold it down to that recent low point. So I'm quite happy. I'm out of the trade just before this session. So that was my pound dollar trade towards the downside. In terms of whether the pound dollar can go all the way down, it is going to be heading into a, go to the weekly timeframe into a very low point. I can show you that if I zoomed out all the way, the last time it got to parity was back in 1985, a long, long time ago. So be extra careful. It is going to be very choppy, super choppy price action. I think that before it hits any lower, we might actually see a good bounce back up before trending back down again. So as you said there, proceed with extra caution, not just caution, extra caution. And London is close today. So I do think that we might see it track lower, especially if we see that dollar strength still being applied. But I think that we could see a bounce in the near term before trading lower again. We do have, following on from the Swiss national bank with their possible rate increase is from the bank of England with their rate increases looking to go from a 1.75 to a 1.25%. So another big increase expected to come from the UK, possibly going to give some relief to the pound, bring some upside back into play, but strong downtrend, wait for it to bounce before selling it back down again. Ali is almost reading my mind. You're almost reading my mind. The exact same plate I'm anticipating. All right, so I see a question from Sarah there about gold. So this jumps straight to gold. So look at gold. There we are currently at that 1662 price level. Currently at 1662, I had 1680 as a key level. 1680 at a key level, which we saw on the 21st of July, but that's clearly broken, retested and rejected again. So this shows that it's a very key level. I like how it was held there. I like how it broke, retested and trades lower. At this point, I wouldn't be looking to do too much on gold because it's still trending down. How low can it go? That's the question everyone wants to know. So I'll put in this line here at that point. So 1641. You can see that that was a point where we tested. We tried to bounce and bounced off back in April, 2020. So 1641, if you're looking to sell the pound dollar down back to the age four timeframe, not much. I'll be very cautious. Not much space further to the downside, especially to play it safe. You would have to wait for price to break below that 1658 or to be extra safe below that 1654 level before any possible sustained downside. But looking at it between 1654 and 1641, not a lot of downside left. So how many of you? I've got a very good bunch of you now attending this session. Put it into the chat. Let me know. Do you actually trade the pound actively? Is this something that you do intraday or within the next couple of days kind of timeframe or is this something that you trade in the slightly medium to longer term? In the intraday or is this something that you do in the medium to longer term? For gold, intraday and swing. You got it all covered there, Ali. Intraday. All right. So if you are looking at doing this on the intraday, what I would suggest is you could be looking to sell this down, bearing in mind that it's been a big downward move. It's in a big downward move. It's almost close or it's within that oversold region. So if I put in a stochastic there, you can see that it's, well, it's heading into that 20 zone. It's almost into that 15. It's still turning down. It's almost into that oversold region. Just be extra careful, right? What I'm anticipating, I'm actually out of gold. I'm not in any position in gold. I'm looking for it to actually do this. Either turn down to this point or within this area, bounce back up, right? I'm looking for it to find or develop a good support level between that 1641 and 1654 area. Bounce around there and turn back up towards that 1680 and possibly even enough momentum towards that 1700 level. All right. So wouldn't be looking to try and micromanage a trade towards the downside. I'll be looking for a bounce, especially if that bell, right? Everyone starts getting more and more worried about a global recession. Then we could actually see some shift towards the safe haven commodity, especially in gold. You can see that strength bouncing back up. What is gold struggling right now? You expect it to be bullish in a period of high inflation. It is. You do expect it to be bouncing back up, but what we're actually seeing is not just about high inflation. The overall US economy or rather the central banks, Fed, Chair Powell and all the members of the Federal Reserve has been harping on about how the US economy is still going strong, right? It's still going strong despite data showing that there are technical recession. Employment numbers are strong. Activity is reasonable. The stock market is still reasonable as well. So it shows that rather the US central banks are still going on about how the US economic activity is too strong. Performance is too strong. That's why we're seeing dollar strengthen. That's why we're still seeing that dollar strength. That's why we're seeing that interest rate differential still being applied and a bit of a delay towards that shift to reserve commodity. That's one of the reasons. But if we do see that big increase, we could see the rest of the world get worried with a global recession. We could see that bounce off. So I'm not looking to sell at this point. I'm looking for it to slow down, for this drop to slow down and for that bounce back up. It's quite similar to what happened here in July. You can see that before that it was dropping very strongly. It slowed down. It broke down a little bit before bouncing back up. If you did compare a little bit of that price action, bounce, try to break lower, bounce, one more leg down and clear towards upside. We see a bit of a bounce, possibly bounce, one more leg up, test, and then bounce back up again. So very choppy price action to be expected there on gold. Be extra careful on this. Do I use pivot points? I don't use pivot. I actually do chop and change. If I want to look at statistics, if I want to find overbought or oversold scenarios, I don't jump onto moving averages too much. I do use it sometimes to try and identify, let me see, there you go, whether we're going to see any death cross or golden cross at this point, not yet. So I try and chop and change my analysis. But the key features of how I look at the markets, first, I look at the fundamentals. I look at what's news are coming up, especially like now with the FOMC, the Bank of Japan, the Swiss Frank, and the Bank of England coming up. Then I look into the charts to identify based on the trend and support levels, support and resistance levels. So trying to keep it a little bit simple there, just the fundamentals, the trend, and then the support and resistance levels. All right. Hope I answered your question there. And then Valentine with crude oil. Crude oil has actually been very interesting. Like of a better word, I'll say interesting. It's because it has been this little bit quiet in terms of news, right? It has been a little bit quiet in terms of news. We had threats. We've had threats from the Russian side saying that they'll cut supply. We've had threats from OPEC plus saying that they'll reduce supply, causing a supply crunch. All of that has not actually led to big upside in terms of oil prices. It hasn't led to big upside in terms of oil prices, despite the uncertainty in terms of supply. One reason for that is also because of that lesser demand, because of the potential recessionary fears and that lesser demand because of slowdown in economic activity overall. That's why we've seen a cap, a little bit of a cap to the upside move on Brent. Especially, okay. Right now trading between that 88 level, 88.30 level. I anticipate that Brent is going to stay between 88.3 and that 96.3 or 96.4 level. I think it's going to trade between this range in a big zigzag fashion, a wide range there with no clear directions at this point. If you get a support and resistance level, how do you get your entry point and pick profit using the fundamentals and statistics? My fundamentals will be to give me the direction where I think that prices should be hitting based on the economics. Then I would say, okay, interest rate increase, we should see the currency strengthen or weaken. It gives me that direction. Then I look into the support and resistance levels to give me the boundaries of the trade. It needs to, for example, in terms of the US Swiss franc that we're just looking at, I would be looking for US dollar to strengthen and push up towards a resistance level. Then if it rejects that level, I'll be looking for rejection. Then I'll be looking to get into that trade. My entry will be based on a rejection of that level. Stop loss will be beyond that resistance. Take profit will be before the next support level. I use my fundamentals and trend to give me where markets could be hitting or should be hitting. Then support and resistance levels to give me my entry in terms of a breakout or a rejection. Then my take profits and stop loss levels as well. Hope to answer your question there, Valentine. Ali, do you see any hope for her pound? What's your view? They're increasing interest rates there, but no effect on the pound dollar. Actually, what you would actually, I think this is the last one there. I do think that I do see some hope. I'm trying to sound as optimistic as I can. I do see some hope on the pound dollar because in contrary to the U.S. where they have been entering, they have been applying interest rates and we're still seeing the inflation data still climbing in the UK. They have been increasing rates and we actually see some very slight level of a turn down on inflation. It was 10.1% on Wednesday last week. Year on year CPI for the UK was released at 9.9%. A slight downturn in inflation growth, giving a little bit of hope to the UK. I think that if they do continue on with their current rate increases, we could see some sustained upside to the pound dollar until we see the U.S. CPI data come back into some slowdown with the U.S. I think we might see some upside to the pound dollar. I do give you a little bit of hope there, Ali. Des, do you enter trades on a higher time frame where you did an analysis or you enter on a lower time frame? Good question there, Des. What I actually do is I enter trades based on the time frame that I'm analyzing on. I look at it on the H4 time frame or enter a trade based on H4. If I'm looking at it on the H1 time frame, then I'll enter the trades based on H1 time frame. Whatever I see, I'll trade what I see based on that time frame. I wouldn't go down or go up just to find an entry point. I think you understand the implication of fundamentals. Thanks for answering. You're most welcome there, Valentine. So Ali, fantastic. Alrighty. So that was a quick one. The time really flew by there. So that's the CAD. Well, we went to Swiss Frank. We went through that. OK, one more quick one before I end the session is that tomorrow we do have the Canadian CPI data to be released month on month was 0.1% expected to be a minus 0.1% expecting some strength to the Canadian dollar. So very quick one as I end the session is that the US CAD currently at that 1.33 resistance area. So at 1.33 resistance area there. I do think that we might see it break above. We might see it break above if we do see that dollar strength continue. But with the CPI data to be released, we might actually see some trace backwards towards that 1.32 level. See that trace back towards 1.32. Then to the US FOMC decision, we might see that bounce back up again. So that was my last quick one on the US CAD with the CPI data to be released tomorrow evening at 8.30 GMT plus eight. How do you calculate your stop loss before a trade entry? Reach out to the guys. There's a lot of trade managers out there. Trade manager apps that you can apply. What you want to do is calculate, right? So at that point you would be looking at, for example, if you're looking to sell down in this case, you want to have your stop loss above that resistance, your tick profit just about at that 1.32 level anticipating a 30 pip stop loss, you will calculate your stop loss or your size based on that, your trade size based on that, right? So always do a plan before I jump into the trade just so I know what's my stop loss level, what's my tick profit level. Is it worth getting to the trade or not? All right. How do I get you to teach me about understanding? Check out our videos. I'm sure there's a whole series of videos in terms of the fundamentals, but reach out. I'm sure we can schedule or get them to schedule another session in terms of webinars, in terms of fundamentals. All right. So with that said, you're most welcome there, Ali. I hope everyone else attending this session has had a great webinar. I hope you've picked up good tips and hints and we're able to help you with your overall trading journey. If you have any questions, please feel free to reach out. Let us know. Let us know what kind of webinars you would like or if you like more fundamentals, whatever you like. Reach out, feedback, feedback to us. We're happy to get back to you on that. With that said, trade well, trade safe. Take care now. Bye-bye.