 Hi, my name is Liam Rowe, currency trader and trading coach at Trading180.com and in this video I want to do a bit of a trade breakdown on the Euro Swiss and it was a trade that I did some analysis on and For the private members discord group, and if you do want to join the mentoring discord group, you can go to the website it's going to be only available until the 2nd of April and And check out trading180.com so Yeah, the Euro Swiss and in the group Who have access to this to this page? Trading videos page what I do is I put you know post pretty much, you know videos You know daily videos or if not every other day we do analysis Weekly analysis on not just technical and fundamental analysis, but you know from psychology And just basically what's generally going on in the market. I've got pretty much hundreds of thousands of videos All right over the years And if you type in for example weekly and you can get all the you know, it's all keyword searched, etc If you type in for example inflation, right and you want to know about inflation Tons of videos on it on the inflation for example that you know is an hour 29 minutes 13 minutes 21 13 an hour 41, you know minutes So got plenty and plenty of education in there for you guys anyways Euro Swiss right so it was it was a level in the Euro Swiss that worked out really really well and On the on our weekly technical analysis, which is not part of the YouTube technical analysis again. This is private members I Did some analysis on on the Euro Swiss and I just wanted to kind of break it down and let you see What the analysis was and how the trade worked out and again, I in this Video and the many videos that I do I don't necessarily do trade calls or anything like that I'm just letting traders know the trade setups that I'm interested in and And yeah, I go through the analysis in depth, etc So so yeah, let's have a look at this. So it was on the 21st of March weekly technical analysis and We go to think it was 25.05 Somewhere around here And what I'll do is I'll zoom in a bit Right and then we'll also see the results afterwards and obviously you can have a look at the result afterwards on your own charts, but this is you know the video and Let's press play So all these traders down here. I'm going to be caught level level And the breakout traders get involved retracement traders get involved pulls back a little bit probably more retracement traders get involved in there Probably getting in Short on a little bit of a pullback. You put a look at this area here Drag it left as well. You can see that it is a bit of an intraday level Let's go down to the 15 minute Yeah, see it's held there held there rejected there held there rejected there So you can see where traders were definitely going short at that level as well again that level there To there Being some sort of retracement pretty 50% around here thinking that's a fib so anyone who got in Short there been caught anyone's caught. They've been relieved a little bit here though So let's see but I do think this pre-trader is definitely caught in around this zone to the downside retracement traders And then all of a sudden it's flipped on them. So I do think that that one away level on that euro Swiss I think that coincides with Daily daily demand zone as well. Yeah, it will come in sides with that So, let's see See what happens there Right. So again that one oh two Oh six to one oh one eight is what I think I was referring to in the in the video on the euro Swiss And again, this was recorded on the 21st of March today that I'm recording this video is the first of April April Fool's Day, I guess but Let's go to the euro Swiss and this was really again the setup, right? So Again the analysis really is understanding supply and demand You know from a really kind of higher level and why they were likely to be More demand orders than supply or more supply orders in demand at a certain level That's really, you know, the high degree in the high level understanding of of why a level was likely to You know react at that level, of course, you want to always trade in line with the fundamentals and fundamentally You know, I was I was probably more bullish on the euro So probably but I was more bullish on the euro than the then the Swiss Frank I thought that there would be you know an agreement for example And I know we're it looks like we're in a risk-off environment, but the euro There were signs that potentially the euro at the time You know was the buyer and that was really my my bias again the guys in the group Notice a bit will say I've been saying it for a couple of weeks. Anyways so understanding why You know prices are likely to bounce at levels and it did and literally, you know went to the upside Bounced around here again. He's just understanding who You know is caught in their positions And also as well the the supply and demand equation around here and why someone, you know You think so for why is it important that someone is caught around here It's because if they assumed that the market was going to go lower around here, they basically selling Yeah, and a lot of traders who Suffer from loss of version bias and also version bias is a real thing and what loss of version bias does is that it's basically it's a bias where Pain feels worse than gains feel good and traders generally will move and remove their stoplosses and By moving and removing their stoplosses they get caught in their positions because if you've done it and I know I've done it You know many years ago, you know, you don't want to you know You don't want to accept that loss and you move your stop loss and then all of a sudden you're unrealized lost Stoss getting you know more and more and more and more and you're seeing and rather than losing 1% of your account You're losing 10 15 20% 30% prices don't go back you even add into trades and it goes against you, right? But and this is really the the the height of maximum pain, right? This is if you haven't blown your account already After moving your stoploss, you really what you're doing is you're praying for prices to come back down To an area where you can get out at you know either a small loss or a break even and as I said before If you sold here if you sold here to exit that trade you have to buy, yeah There are also new traders getting involved in that level of support, right obvious levels of support where? Loads of traders are gonna get in right and they're also going to buy so you've got buying from the CPR traders, right? Traders been caught gone through pain and now want some relief, right from exiting their trade You've got and that's a buy order. You've got new traders getting involved At a level of support that's another buy order and also as well Traders who sold and got short at the top of the market or anywhere around these areas here on pullbacks Where they're looking to take profit? Yeah, they got to take profit At what is known as problem areas where where in the past? Prices went higher and what better place to take profit. Yeah, then at a level where prices may go Higher so they were they were correct if they took profit somewhere around here You know taking profit around a level of support because prices actually went higher, but fuck from our perspective Yeah, and the trade breakdown. This is what I was talking about, right? That was the zone That I was on about yeah, so you can see pretty much zooming in prices You know, there was a few pips in that So I'm saying that everyone got in on absolute low and got out at absolute higher But there was at least a hundred and ninety pips involved in that move, right? And again Fundamentally, we understand that you know at the time, you know, probably the probabilities Of us buying the euro the euro being a bargain a bit of a bargain or the market assuming that the That the euro was a bargain because ultimately it comes down to what the market thinks about price valuation Which is derived from fundamental analysis and risk sentiment You know and what the market thinks and obviously the market agreed that that level Right on March 25th was a bargain and I've done the analysis on March the 21st Which was somewhere around here, right? So understanding that level understanding You know that the supply and demand equation technically was going on in alignment with fundamental analysis Lots of pips to be made and again if you do want to you know find out lots of capture pain relief Trade setups That we trade in the in the group you have until really April the Second tomorrow really if you're watching this on April the 1st until tomorrow to join after that We're closing for the foreseeable future. So guys take care and I'll speak to you all soon You