 Good afternoon. Hi everyone, how are you doing today? Thanks for joining the session. If you can hear me okay, put it into the chat, let me know. Thanks, Tuxa. Fantastic, thank you all. Welcome to the session today here with Tick Meil on the Ultimate for Extrading Masterclass. How is everyone doing today? And I think I see a couple of regulars here. If you, you know, as you're joining, let me know where are you joining me from? Let me know, I love to find out where you're joining us from. You'll give it a couple of minutes before we get started in the meantime. Put it into the chat, say hi and let me know where you're joining me from. Very nice. Thank you all, Philippines, Malaysia, Zambia, India, good stuff, good stuff. What about everyone else? Today we are going through a bit of a trading clique. So I'll be sharing with you some, my own trading strategy and if you have any questions, any trading related questions at any point in time, you know, we're gonna share your strategy. Let's see whether I can help you with that as well. Just a preemptive comment is that I seem to be losing my voice. So just let's see how it goes. Hope I don't lose it during the session. Hey, John, how are you doing? Very good. Thank you all for attending nights and early. We still see a couple of people streaming in. Hope you're all well. Trading well, survived last week's volatility heading towards the end of the year. It's Christmas is coming soon. Christmas and the new year coming soon. Looking forward to that. Alrighty, let's get started again. Welcome, everyone. Thank you all for attending the session. Today we are here with Tick Mill on the Ultimate Forex Trading Masterclass. I'm here to share with you today is the trading strategy sessions, trading clinic sessions. So what we tend to do at this session is that if you have, or if you want to share your trading strategy, if you have any questions regarding your trading strategy, you know, you can share it into the chat. Let me know if you need help with that. Let's see if I can provide, you know, my couple of sense and views with your strategy. Hopefully tweak it to help you make it a little bit more profitable, make it a little bit more consistent with your trading strategy, all right? If you have any questions about any particular trade that you recently got into as well, put it in chat, let me know. If not as well, then I'll be sharing with you how I approach the markets. I'll be sharing with you some thoughts, ideas, possible trade setups might be very few and far between as we head into the end of the year, right? Liquidity and price action might be a bit slower, but I'll be sharing with you some possible setups into the markets. So as I share with you some possible setups and ideas into the markets, here comes a quick disclaimer. Material provided is for information purpose and should not be considered as investment advice. The views, opinion, information expressed in the session belong solely to the author and not to the author's employer, organization, committee or other group or individual or company, okay? So what it means basically is that as I share with you some possible thoughts and ideas about possible target levels, please remember that if you do jump into any trades, make sure, make sure, make sure you check it that it fits with your own trading strategy, right? It has to be aligned with your own trading strategy. Check that you're not over leveraging, you're not over trading, because in my experience, and I've been teaching a lot of people how to trade in my experience, it's not so much the strategy or the one or two bad trades that gets traders into a lot of trouble. It's the over trading and the over leveraging that gets the traders into all kinds of troubles with their account, right? So make sure you get that checked, leverage, margin, not over trading, make sure that anything I share with you, if you do jump into a trade, fits with your own trading strategy as well, okay? So a quick introduction, my name is Jindal. I think most of you know me as Jin. I've been trading for, I would say 10 to 15 years now already, predominantly in the FX market. The way I approach the markets is a little bit different. The way I approach the markets, I know a lot of traders will focus mostly on the charts, on the price action, on levels. What I do first off is before I get into any trade, or in fact, when I start my trading day, I have my news upfront, right? So I'll look at the economics first. I look at the fundamental analysis. I tend to look for the fundamental analysis, develop a directional bias first, right? So I look at the news, I look at the economics, develop a directional bias. So say for example, I expect the euro dollar to go up with the recent news, right? So if I expect the euro dollar to go up, but on the charts is heading towards the downside, then I'll wait it out. I'll wait for it to bounce back, reject the support level, or break through a resistance level before I look to buy. So my fundamental view, my technical view will have to align. Then I'll look to get into a trade as it aligns, breaking a support or resistance level as a breakout or a momentum trade, right? So my kind of trades are all, I tend to prefer trend following trades. I don't like, I don't really take on counter-trend trades. I do trend following trades. My view is that trends happen 70% of the time, well, 70% of the time. Counter-trend trades can work, do work and can work, but you know that it's higher risk. We're looking for tight stop loss, big risk to reward ratio is there. There is a statistic that it works 30% of the time. So I rather focus on that 70% of trend following scenarios as we look at the longer-term economics together with the technical view, all right? So let's take that away, close it out. Let's connect that, okay. So again, if you have any questions at any point in time, please feel free to put it into the chat. Let me know straight away. I'm checking the chat as well, so I'll be happy to answer your questions as it comes up. Voice is going, okay. Before I look into what is coming up because we know that there's not a lot of news coming up. There is a big one tomorrow with the Bank of Japan, but after that, we pretty much just have the CAD and then it's all the way into Christmas already. So not a lot of things happening in terms of the news, but we have just gone through a big week last week, right? What happened last week, I'll show you. So let's do a quick review of what happened last week. On Monday, we had the pound GDP number was a good strong number. Didn't move prices a little bit, but not too much. We have the claimant count numbers. This is employment numbers from the UK. Bit of a surprise, it was minus 6.4K. Expected only 3.5 came out at 30.5, so very big unemployment numbers. Claimant count change is the number of people claiming for unemployment benefits. So the bigger the number, the worse it gets because it's more people claiming for unemployment benefits, which means that less people working. But that also didn't move prices too much. The big price mover came when we saw the US CPI data. On Tuesday last week, US CPI year-on-year was 7.7%. Expected 7.3 got released at 7.1. Got released at 7.1%, and I'll show you here on the dollar index on the H1 timeframe. I know there's a lot of things here. You can see there on Tuesday, as the news got released, we saw the dollar index drop pretty much from that 104 or 105 level straight down towards this 103.80 level, okay? Drop straight down because as the CPI, this is inflationary data shows a slowdown in inflation growth, right? It was 7.7, slowed down to 7.1. A slowdown in inflationary growth was supposed to indicate to the Federal Reserve or to give the Federal Reserve, the US Fed Reserve more confidence to progress with their slowdown in interest rates hikes, right? To progress with their slowdown in interest rates hikes. And if you're expecting the US to slow down on the interest rate hike, that's why we saw the dollar index drop from 105 to 103.80. So that was the first big news that we had last week, which we saw significant price movements right across the board as that dollar index drop. Onto Wednesday, we had the pound as well with the CPI number. This time, the UK at 11.1% dropping to a 10.7% didn't move, right? It still moved a little bit, but not as much as what happened to the dollar index because what we had coming up, not on Wednesday, but on Thursday was a whole sleuth of central bank news. A whole bunch of central bank news. The first of it at 3 a.m. GMT plus eight from the US interest rate decision from the Federal Reserve, right? Took interest rates from a four to a 4.5%, right? 50 basis point rate hike from the US. And I'll show you what happened here. You can see that, let's take all of this away. We did a bit of a projection. We said it was gonna come down, hit this level and bounce up, did that, okay? So what happened, this was at 3 a.m. GMT plus eight. So on Thursday at 3 a.m., where was it? Right there. Okay, at Thursday at 3 a move that line just right across and zoom it in a bit. So you can see here at that point, the news got released at 3 a.m. We saw the dollar strengthen significantly towards the 104 level before turning back down. And then after that, pushing higher again, okay? So why did it push towards upside and come back down to test this 103.50 level again? First off, interest rate hike strong for the dollar. We saw that push towards upside. Secondly, it's also the Federal Reserve talking about terminal rates being higher for longer. What I mean by terminal rates is what they consider as the final rate where interest rates could peak at, right? So if they're talking about interest rates peaking at higher level for longer, means that hey, they could be looking at further rate increases, more consistent, but possibly not as big, right? So maybe no more 75 basis points, no more 50 basis points, but looking at 25 basis points, but over several meetings. So that's why we saw big push. And then during the press conference and after that, we saw the dollar index continue to climb towards the upside, okay? But during Thursday, we also saw a lot of volatility in the dollar because not just at 3 a.m. did we have the Federal Reserve with the interest rate decision. For 30 p.m., GMT Plus 8 again, we saw the Swiss National Bank, the SMB with a 50 basis point rate hike, right? So 0.5 to a 1%. What happened here, and this is actually quite interesting, is that if I show you on the 15th of December and also the last time they did it was on the 22nd of September where we did a 75 basis point rate hike. Okay, so I'll jump to the US-Swiss Frank here and we'll show you the 22nd of September 1st. I know I had it marked out before, there we go. All right, so this is the 22nd of September. When we look at it, a 75 basis point rate hike from the Swiss National Bank typically should strengthen the Swiss Frank. It should strengthen the Swiss Frank and in the case of the USD-CHF, it should actually be pointing, should be pushing towards the downside. What actually happened during that news release was that a 75 basis point rate hike we actually saw the Swiss Frank push towards upside by close to, where is it? 100 and almost 140 pips towards upside, all right? So a bit of an inverse move because what happens from the Swiss National Bank is that they increase rates, but they don't really give very clear guidance on further rate increases, right? They do talk about further rate increases, but they don't say like, what the Fed reserve or what the ECB has been going on about highlighting a target level or highlighting further schedule for further rate increases. So that's why we saw this push towards upside. What happened here was that at the news on Thursday as well, we actually saw, so you can see the timing, this was at 4.30, right? At the news release here, this is at 5, I was expecting it to push, break above that point, okay? So at 4, we actually saw some price volatility, right? Actually rose up by 30-something pips but in the overall scheme, it moved by about 50-something pips, almost 60 pips towards upside. So what happened here was that it got resisted by this key level of 0.9298 or 0.930, got hit that round number resistance level and then after that, turned back down again. Again, not the biggest news for that night. We had the Fed reserve, we had the Swiss franc, we had the Bank of England with a 50 basis point rate hike as well on Thursday. So it was a big, big news on Thursday, US, Swiss franc, pound, euro, all with the big central bank news. In this case, the UK saw interest rate going up from 3% to a 3.5. What happened was we saw a big drop in the pound dollar, okay, a big drop in the pound dollar, despite a 50 basis point rate hike, okay? I'll show you here. No, not that one, that one, okay? On the Thursday at 8 p.m., okay? Thursday at 8 p.m., that, where was it? That point there, okay? The news got released, we saw a drop and then a set there and then after that it dropped all the way down, right? So the first reaction I expected to see was, hey, if the increasing rates at 50 basis points, we should see the pound dollar move towards upside. I was looking for it to test that 1.2450 resistance level. I was looking for that to push up towards that point, but it actually fell, it dropped and I had a key level here at 1.23 and also 1.20, 1.22, okay? So once it broke that 1.23 level, I was looking to sell down. Why was it driven towards the downside is because, coming back to the news, I know I'm switching between screens, I hope you are following so far, was the bank rates votes, right? The number of votes. The first number previously was nine. That means nine members in the bank of England voting to increase rates. The second number is to cut. How many members voting to cut rates? And then the third number is for them to hold rates, right? So you can see here, as you click into that for more detail, you can see that the first number is how many members voting to increase. Second is to decrease rates or to cut rates. And then the third is how many to hold rates. If we saw that it was 9-0-0 by with a 50 basis point rate hike, then we're most likely have seen the pound dollar shoot up towards the key resistance levels. But this shows a bit of a descent, right? It shows a bit of non-cohesiveness where we saw seven members voting for a rate hike, no members voting for a cut, but two members actually voting to hold interest rates at 3%, right? To hold interest rate at 3%. So it shows that, you know, the Bank of England is not fully, not everyone in the Bank of England or all members in the Bank of England is fully convinced that there should be increasing rates by another 50 basis points. And because of that, so it's really because of this voting number, despite the rate increase, that's why we saw the pound dollar trade significantly lower, right? We saw it trade significantly lower down from at eight o'clock, that 1.2330 level all the way down within the next couple of hours, all the way down to that 1.2150 level, okay? So that's a big reason why we saw the pound dollar dropping. Another key level, another key news was at 915, where we saw the Eurozone, the ECB increasing rates, again, 50 basis points from a 2% to a 2.5%, okay? From a 2 to a 2.5, and what you can see here on the Euro dollar is that on the news release, this was on Thursday, and we saw the Eurozone, that on the news release, this was on Thursday at 915, let's put a line there, about nine o'clock, right? I put one before just so you can see the candles. We saw the Euro dollar push strongly towards the upside. It basically went, I'll take away all this for now, right? And then the clock, the 1.0623 level straight up within two hours to hit that 1.0735 level, right? So it's not just because of that 50 basis point rate hike from the ECB during the press conference, okay? You can see here that at 945, there was an ECB press conference. So during the press conference, President Lagarde was actually commenting that, you know, the ECB would be looking at further rate hikes of 50 basis points of at least 50 basis points more consistently for longer, okay? If I can bring that up, I'll see if it comes up. Just a couple of headlines. Anyone thinking that the ECB pivoting is wrong? So they're saying we're not looking to slow down or to cut interest rates anytime soon. It's wrong. They're looking at continuing on with their current path. It's obvious that we should expect 50 basis point hikes for the period of time, for a period of time. So further rate hikes expected. They already know that growth will be subdued next year because of the rate hikes, right? So it came out as a very hawkish approach from the ECB, right? And that's why we saw the Euro dollar shoot straight up to hit that 107.35 level. Unfortunately, once the press conference was over, we saw the Euro dollar come straight back down into the range again. And then it traded within the range before now at that 106.35 level. Okay, so it's still within that range now. What I'm still looking for at this point is if I zoom out a little bit, you can see that it's testing this area. I'll highlight the area there. It's testing this whole area. And if it can hold, if this level holds above this 105.80 level, if it holds above 105.80, we could actually see the Euro dollar push higher again. Okay, and there is a lot more volatility, a lot more choppy price action at this point because we are heading towards the end of the year. Liquidity might be a bit lower, a bit slower as well. All right, and then following on from that, oh wait, on Thursday, we had a few more other news, didn't move prices too much. It was more focused on the central bank news. Then on Friday, we had some PMI numbers, not just in the Eurozone, but also in the UK and the US. And this was a bit surprising where we saw the flash services PMI for the US dropping more than expected was a 46.2 expected a 46.5 came out at a 44.4, which shows a further contraction in the services industry. All right, and that's where we are right now. Any questions at this point? Have I got all you guys clear on everything so far? Let me know, let me know. Good stuff, thanks for the Tushar. Fantastic, Sumit, good stuff. All right, so from that point, from this point onwards, not at that point, from this point onwards today, not a lot of news, right? I can tell you that I've been scalping the Aussie up a little bit, scalping it up and down a little bit, but hasn't moved too much, not super keen on any big trades at this point. Tomorrow though, tomorrow, Tuesday, 20th December, tentatively between 10 to 12 o'clock GMT plus eight, we do have the Bank of Japan with the policy rate, most likely or most definitely going to stay at minus 0.1%, but you do want to pay attention to the monetary policy statement to get a hint of whether there's going to be any changes with the approach, right? Typically, up until today, I was going to say that I wasn't going to expect any surprise for Tuesday's news, but early this morning, we saw, this was 11 hours ago, we saw that the, bring it up, we saw that Prime Minister Kishira was actually looking to revise the current monetary policy. It is not up to the government to revise the monetary policy, it's more up to the central bank to revise the policy, but it could be pressures from the government towards the central bank to revise the policy, okay? So because of that, that news, we might see some increased volatility here on the Yen pairs early tomorrow morning, right? Or late tomorrow morning, actually. Okay, so just watch out for that. From there on to Wednesday, we do have the Canadians, Canadian CPI data, looking to go to climb slightly, right? Medium CPI from 4.8 to 4.9, trimmed CPI staying at 5.3%. So we're looking at inflation in Canada, possibly still climbing a little bit, right? It's still climbing a little bit, which might actually give some breakout potential on the US CAD. I will share with you what I mean later on to the US CAD chart, all right? So that's on Wednesday with the inflationary data for the Canadians, and then we'll follow up with that on Friday GDP number from the Canadians staying at 0.1%. So I don't think this is gonna move prices too much, but I think that inflationary data on Wednesday could move prices, all right? So looking at the US CAD here, oops, let's clear all that out. Okay, so I'll show you to your age four time frame first. You can see that the US CAD has been on a good strong climb towards the upside, right? Stayed within the channel, pushing towards upside, supported at those key levels, right? It's found the bottom of the channel bounced off, not once, twice, three, four, five times bouncing off that level, hitting a resistance level before turning back down again. You can see also that there was a key resistance level at about that 1.37 level. Okay, if I drag it right across, you can see that 1.37 was reacted back in November, reacted early December, and then also most recently last week on Friday, hit that level and turn back down again. If I zoomed out, you can see that the previous trend on the US CAD was towards the downside, it hit that key support level of 1.32 before bouncing strongly towards the upside. What I'm looking for here is that if the CPI data from the Canadians shows still some growth, right? It shows inflation still climbing towards the upside. This is going to signal potential for further rate increases to come from the Bank of Canada, not soon, right? Because at the end of the year, we have the inflation data first, but into next year, which could actually mean some weakness to the Canadian dollar. So with that, we do have a key level at about 1.39 level. Okay, you can see that it bounced off 1.39 over a couple of times before turning back down. We do have an interim level at about 1.38 as well. So what I'll be looking for in this case, now either on the H4 timeframe, look for it too, I'll be looking for it to either come down, bounce off, break above that 1.37 level. Then I'll be looking for a buying opportunity towards upside, say about at 1.3720 level. Stop loss can be relatively tight in this case, because you have a good support level there, resistance turn support level there. Take profit will be towards 1.39, but I would be considering a close at about at 1.38. So I'll give it a chance to see whether price could shoot straight up towards 1.39, but if not, I'll be ready to close out at 1.38, also because it coincides with the upward channel, the resistance of the upward channel as well. All right, so horizontal level, a diagonal resistance level as well. I'm looking to see whether it can get to that level. If it breaks above, great. If not, I'll close out at 1.38, all right? So this week, you can see based on the news, based on what we've just been talking about, it's mostly focused on the Canadian dollar, right? Not a lot of news on the other currency pairs. So it's back down to the Canadian with that move potentially, that upward move as the biggest potential. Makes sense to everyone on the US cat so far, please remember that if you are looking to jump in any trades, do your own due diligence as well. But does that make sense to you all? All good, all good, fantastic, okay. So with that, let's look at some pairs right across the board. The dollar index looks like it might, I mean, with the current price action with the way prices are moving. Let me just check, okay. All right, with the way prices are moving at this point, I like that it has rejected that area of 1.05, it came towards 1.0485, and then it's turned back down, it looks like it's pushing towards the downside. I'm not fully convinced that the dollar is gonna weaken yet, unless it breaks below this level, right? This level here, which had a swing, I'll show you here, bit of a swing low here back in early December, and you can see that it tested these levels here in mid-December. So I'm looking for this, I'm still sitting out, no clear directional trade yet, unless the dollar index breaks this support level. If it breaks that support level, then we could see a quick move down towards this 103.55 level, very similar to what happened here last week. Being the end of the year, being the end of the month and the year, I don't think we're gonna see big significant moves, but I think if it does come down to this level, I think we're gonna see a range within this two key levels of 1.05 and 1.0355. All right, so looking for that to drop, we could see this apply right across the board to the other currency pairs. So with that said, expecting the dollar index to fall towards that one point, 104.16 level possibly break and go down towards 103.55, looking at the Aussie dollar, right? I really like that it has found a good strong support at that 0.6677 level, all right? Last time it hit this level and rejected, we saw it bounce strongly towards that 6.850 level. Right now testing bouncing off, we could see this climb back up again. Again, similar to what we saw on the dollar index, dollar index likely to remain within the range. So we could see this continue within the range as well, the range of 6.677 and 6.850. So we could see that just continue trading within that range for this end of the year period, okay? Kiwi dollar, wait, hang on. Yeah, okay, kiwi dollar, same thing. It's kiwi dollar correlation with the Aussie dollar is very strong. So you can see is that the last time the kiwi dollar tested this level and bounced towards upside, right? So hang on, too messy there. Let's take away a couple of these lines. I see a question there on the pound and gold. I'll get to that shortly, right? So as the kiwi dollar bounces up towards that 6440 resistance level, you can see that most recently it's tested this level and looks like it's climbing towards the upside as well. Okay, so I'm still looking for the kiwi dollar to climb up. It could break that 6440 level to climb higher, but I think that that kiwi resistance level there could be possible, but possibly a bit unlikely. I think we might see it test this level here, right? So still remain within that range of just staying below 0.65, okay? So might see it climb up, consolidate below 0.65 and then turn back down again, but fluctuate within that range, all right? I will do that to share and also Sumit, all right? So like Sumit's asking for the pound dollar, okay? So pound dollar, earlier today, I was anticipating a big move towards upside. I was thinking that, you know, we could see as the pound dollar found a support level there at 1.2128 pushing towards upside, but I think that what we're likely to see the pound dollar do as a quick revision is that instead of pushing towards upside, I think we're likely to see the pound dollar trade within this range, right? 1.22 and 1.2128 or 1.2130, I think we'll see it trade within the range with no clear directional bias in the interim, all right? With that looking at gold, all right? So I was looking to sell gold down, I did fluctuate around this range. You can see that it pushed up and came straight back down. Let me just clear this chart out a little bit. Gold should be seeing, right? If we see, if we anticipate that the dollar index should weaken at least for the interim and gold finding support at 1775 or 1776 pushing towards upside, I think that we should see gold climb towards that 1810 level. Currently at 1796, quite a bit of work required to push it up towards 1810, but still possible, right? So I'm looking for this to climb up towards 1810 and then possibly turn back down again all based on that dollar index trading within that range. Right, as we anticipate, where was it? The dollar index within this range, it seems like across the currency pairs we could see price gain against the dollar and then after that lose ground back again unless we see a break below this 103.55 level. For that to break, we'll have to see some big news again. All right? So far, so good. Sumit on the pound, dollar and gold. Any questions, let me know. With that, let's look at NASDAQ. I was anticipating that big push up, okay? We saw this push up once, it tested that level but it failed to bounce off that support. So it broke through, okay? It broke through and we have a next level here at about support level at about this point here. Okay, so this whole area will be my support area between 11,058 to 11,134. And that's also why we saw price hit this level and bounce up slightly. What I think is that we could see as the dollar possibly could, oops, as the dollar possibly could weaken, we could see this climb towards that 11,435 level. It would be very similar to the Dow and also the US 30, right? I think that we could see this climb up if we do see the dollar index continue to weaken for the short term, short to medium term. All right? US 30, similar pattern, similar move. Clear it out a little bit. We could do a good level here at 33,427. We've got a good strong swing low here at 32,541, right? And then it's tested this point and also highlight this level here at about 32,980, right? So it's at that critical point, you can see that the last time it got to those levels, it rejected and pushed towards the downside. When it does clear above this point, we're likely to see a big push towards upside. Yeah, it has been falling drastically since the first day why it has been doing that is because there's seen some strength in the dollar. There is a bit of an inverse relationship between the equity index and the dollar index as well. All right? So there is a bit of a inverse relationship anticipating now again, anticipating that dollar to weaken, we could see this push back up towards that 33,427 level. I don't think, you know, there's always that talk about a Christmas rally, Christmas rally, could that happen? You know, it happened so many times already. I'm not going to discount the possibility of that, but it feels like it's a possibly quite big, significant rally that might not happen, right? But you know, the more you say it won't happen, the more it's gonna happen. So I'm looking for this to see a price action at about this 33,000 level, looking for it to break higher towards that 33,427 or 33,500 level. Alrighty, then Kiwi Yen, here we go. Let me zoom out, you can see Kiwi Yen again. Main thing to focus on here. You're most welcome there, Stephie. Right, not a great upward channel because we are ignoring a couple of points, but you can see that it's found that bottom of the channel and bounce quite strongly. So same thing, if this pushes towards upside, two things, either of two things need to happen or both of the two things need to happen is for this to push up, right? As it finds the support, we're looking at this similar patterns over here. For this to push towards the upside here, what we need is for the NZD to strengthen, right? Which could happen if we do see the dollar weaken, we could see the NZD strengthen, or we're looking for the JPY to weaken, right? And that's going to push, to lead that push towards the upside on the Kiwi Yen. Right, so it needs that to happen. I think we're likely to see the NZD push up. We'll have to wait for tomorrow to see what happens to the Yen, okay? So yes, could it go up? Yep, for sure. Next level to pay attention to, very near is at 87.45. I would prefer to wait it out, right? Wait it out, let it break above 87.45 or more specifically at about 87.25. If it can break above that point, then I'll be looking for that upward potential to just towards the recent swing high, right? About a 30-pip stop loss, 70-pip, 60-70-pip take profit, one is to two risk-to-eval ratio towards upside there on the Kiwi Yen. Could it go higher? Maybe the momentum carries, but watch it. You know, if I zoomed out all the way the last time we got to beyond this level is back in 2015. So we're way up in historic high levels. I'm going to expect a lot of price, choppy price action and movements from there, right? So I'd rather play to the most recent swing high, look and see what is going to retrace back down again and then after that, possibly push back up again, right? This term tax loss harvesting during choppy December month in Forex to have any idea regarding this phenomenon by big players. I don't consider the tax loss harvesting too much in terms of FX, but what we do see is that towards the end of the year, very close, you know, like after, between Christmas and New Year period, we normally see very choppy price action as funds or companies close off their books for the year. So they close off not books, close off their positions for the year. So, you know, typically we do see very choppy price action in the last one week of the year, right? And so that's also why, you know, once I come to December, I do trade all the way till now, till the 20th, and then I'm off. I'm actually off, not even looking at charts and screens for the next two weeks, taking a break, resetting, re-resting, and then back to it, beginning of the year for, you know, brand new year, 2023. Let's hope it gives us better price action, better price movements to try and take advantage of. All right, so it's not worth trying to catch the choppy price action and movements during that period. I think that it's gonna have no real directional bias, but a lot of price movement, but no clear directional bias could be wrong again, if any of the big players or central banks release a news about interest rates or inflation. But I think that at this point, no big price mover anticipated. All right, Tushar? Anyone else with a question? Oops, anyone else with a question? If not, we've done Aussie already. Let's look at the Euro dollar. Same thing, I think I said that already just then. I like how the Euro dollar tried in the last four hours, candle, tried to push up, looks like it's still trying again. I'm looking for the Euro dollar to climb up towards that 1.06 or 1.07 round number resistance level, looking for this to push higher. Okay. US with Frank, I think we talked about that, looking for this now. If that dollar does weaken further, looking for it to break below this 93 level, 0.93 level for that potential downside move. So I like how when price breaks a support or resistance level, because only at those levels do we get a chance to have a relatively tight stop loss for a good take profit, then you get a very good risk-to-work ratio there. Marash, I'm pretty sure this is recorded. I'm sure you can reach out to the guys, take me when they should be able to get you a recording of this session. US Yen, we spoke about this big news happening tomorrow. A big news happening tomorrow. I'm not, if we don't see any surprises from the Bank of Japan, then it's still going to be driven by the dollar index, which could see the Yen trade down towards that 1.34 or .92 level, but like we were looking at the Kiwi Yen, if the Prime Minister does influence the Bank of Japan to comment about some flexibility monetary policies, we could see this push back up again towards that 1.38 level. I would say that at this point, stay flat, stay neutral, wait for the news tomorrow before looking to jump into a trade. US CAD, we've done trading lower, nicely looking for it to test or to break towards that level of about 1.3575, bounce off this level towards upside. What you could also be looking for is that, is for a buying opportunity from 1.3575, take profit about 100 pips. Stop loss can be tied about 40, a one is to 2.4 to 2.5 ratio ratio. Zai, do you think it will affect the dollar? Which one? Which one, the Yen? If the Bank of Japan does come out with a significant news, yeah, it could affect the dollar because looking at the way the US Yen could move, I think it's most likely gonna be a non-event. I actually do think it's gonna be a non-event, but if we do see the Yen weakened significantly towards the upside, then we could see as that weakened that could lead to a relative, in terms of relative strength to the dollar. So that's why we could see back again to the dollar index is that we could weaken now, but we could see this push back up again. Hope I say a question there, Zai. Anyone else with a question? I would say that just bear in mind, as we head towards the end of this period, this year, right, to Christmas and towards the end of the year, shouldn't you most likely not gonna have a lot of trades if you are having a lot of trades if then, you know, review the method, review the strategy, choppy price action, look for clear directional bias before entering a trade. I think we're gonna see price, we're still gonna see price movements, we're still gonna see price moving, but it's possibly gonna struggle in terms of a clear directional bias. All right, makes sense so far, all good. And hey, if you found this session interesting, useful, you found the information good and useful, helps with your, could help with your trading, please put it into the chat, let me know. I'm looking for any comments or feedback that you could share. Mostly appreciate that a lot. Thanks to it, no worries to share. Okay, so if they've gone over the questions, what I would more certainly do will call an end to the session here. Please remember, shouldn't be looking to enter heaps of trades at this point, but if you do trade well, trade safe, have a great holiday, Merry Christmas and a happy new year and we'll catch you all again. Take care now, bye-bye.