In this video we review the day’s price action and in partiuclar with reference to the ses states, and at the close of the session two pairs stood out, and offered diametric examples of the lessons from today. On the one hand was the GBP/USD with volatile no trend price action, the most dangerous of all price action sea states, and on the other was the USD/CAD with even paced price action as a trend with momentum developed later in the day and following surprise comments from BOC Poloz. So an interesting day when the focus was on understanding and interpreting the charactristics of the various types of price action and what this can then reveal and tell us about where we may be in the longer term cycle of trend, accumulation, distribution and reversal.