 You're right guys So European Central Bank ECB our stimulus package as growth looks weaker And this is the minutes and this is from August 22nd and today is August the 27th right, so I'm just gonna read a little bit of this and I've been saying this for a while now, but um, you know, this basically what is our call He's basically saying that a combination of measures may be needed to help prop up Maybe needed to prop up the eurozone economy as recent indicators paint An even bleaker picture of the outlook European Central Bank policymaker said in their July meeting The accounts of the meeting showed on Thursday And it says with growth and inflation slowing for months ECB President Mario Draghi has all but promised more Stimulus as soon as September a steady flow of dismal data since the meeting has only Reinforced the case for more support of stimulus, right? I've posted this in the group Please have a read of this of this article Today on the 27th It basically talks about you know weak growth, etc. Eurozone economy barely grew in the second quarter in Germany It's biggest single economy may already be in recession orders for its manufacturers have dried up Investments slowed and confidence gone into a downward spiral Although the domestic economy has helped up has held up relatively Well hurt growth with job creation slowing and confidence in services is waning Right, and then we've got today Then if you've seen it on So today obviously since that report came out GDP German GDP basically contracted in Quarter two on drag from the external sector the break is one of the main reasons is export to you a UK sorry dropped sharply by in quarter two after UK companies finished up pilot and breaks it was extended collapsing exports push Germany's economic economy on the brink of recession in quarter two and There's some Italy talks as well So they've got problems politically in Italy and the trade wars Has certainly left his mark in German Germany's economy Updated you figures released this morning confirmed that German GDP fell by 0.1% in the second quarter of Of 2019 basically it's in a negative growth. Yeah at the moment. It was zero a nice negative growth German exports, etc, etc So pretty much Their concerns are being realized. Yeah So what's the plan really the plan is To short the euro because what you want to do again, this is a game of probability. So If you want to buy the euro, you have to find cases to buy the euro sometimes we you know, we all get caught up in a bit of What we call a confirmation bias, right where we just look for data that supports our theory and one of the main things to do is to Is to maybe look for Anything to the contrary? Yeah So what you guys probably want to do is I can show you the doom and the gloom But you know prove an idea wrong. Yeah, so try and prove this idea wrong that you want to be a buyer of the euro What kind of positive? Economic sentiment is on the horizon potentially coming, right? I can tell you the negatives right as far as stimulus and what that does for obviously a Currency as far as it weakens it as well as obviously some, you know GDP data, etc, etc but Because what you want to do is you want to have at least some confidence in what it is that you're trading Yeah, and if you want to get short on something the best thing to do is to understand why you're buying something or why you're selling something And that's what fundamentals are about why is why is it going to be money flowing into a currency and Will we get it right all the time? No as far as the timing of our entries and exits, right? We're not going to get it right all the time, but Overall, right once we are on the right side of the market what we can do is You know is is is look for the type of trades that can get us the you know four five six two ones eight two ones ten two ones, etc, right and these fundamental I guess Events don't come around every day or every week or every month, right? But we have pretty much, you know, everything's being telegraphed at the moment Yeah, so now it's just we look for an opportunity in order for us to get short, you know on a certain currency Yeah, so let's say for example euro dollar Or wherever right had an opportunity to get short here another opportunity So yeah, what you have to do is potentially look for just basically shorting opportunities at levels, right? I'm saying that that was actually a level matter of fact. It might have been on the daily. Let's have a quick look I don't think it was though Not quite the supply zone was really up here, but Let's look at something like the euro New Zealand where we're up into this own here, right so with The stimulus potentially Coming into play we need to now look at the New Zealand dollar and say alright and why is the New Zealand dollar gonna get weaker or stronger than the euro and Because we've got we've put up a lot of case, you know for the euro We can go back to our fundamental analysis spreadsheet Look at the rankings, etc. And then try and time it to get short because if we actually zoom out And that's the one hour that I'm on the one hour But looking at this from a daily perspective This is a very nice area to look for potential shorts, you know, very nice area. You've got a nice Supply zone right there Right where it's come into and reacted So now it's just a case of looking at short trades and hopefully we can see, you know, the stimulus coming and There on the 12th for September is where they're supposed to be announcing it. So can it do something before then? But anyways, that's the trading plan for the euro There's really no reason to be buying the euro at the moment and less economic data starts coming out positively But Germany shrink Germany is shrinking QE stood on a table and it's almost, you know, a certain a certainty So we've been in next few weeks why buy the euro so guys, I hope that helps and take care