 Good morning or good morning. So I just wanted to do a bit of a I guess a market recap Euro on the euro specifically, I guess because that was where all the fireworks were yesterday where all eyes were on and Yeah, I just wanted to really go through how we You know saw the euro and this was all documented and basically what ended up playing out and it's a really good Example and exercise of how really to trade the news. It's not how You know most retail traders, you know 99.9 percent of retail traders will trade the news And I really go over this as well that you know in depth if you go to the trading videos channel and on Wednesday's group call 8th of June You know, we really break this all down in in this Before, you know trading before the news came out But this is obviously just just just a recap. So this is just showing you that, you know, I'm just talking and You know, not you know, this is hindsight bias. This is you know, how we trade the news, you know All the time and how to capitalize and in that video, you know, we got the evidence that really we were prepared that if You know, the euro didn't say or the ECB and Christine Lagarde didn't say anything new that Probably the euro would be a at least a short-term Cell and we saw evidence of that recommended by ING Who were saying that it was probably going to reach, you know, maybe 105 if nothing happens, right because You know, the news had already been priced in yes So they already knew what you know was expected to happen unless there was unless there was, you know, a hawkish a very hawkish tone where they were Maybe insinuating that there would be, you know, more hikes coming than usual or More hikes or bigger hikes Then that may have been a reason to maybe buy the euro But pretty much it came out as expected and you know going back to the to the discord room You know Ken basically put this out and I'm not going to read everything but pretty much it was as Expected right there was nothing new that the market saw in the data really And in the release that would have Caused the euro to kind of, you know fly off the hook now, you know Ken made a comment He said bearish I think for now this will also depend on a path of inflation and you know, I pretty much, you know agreed So so again, it was pretty much as expected. So I made the comment at the time And again, this was you know one thirty sevens timestamped. I said nothing news. I was commenting on Ken's picture right on on this post. So I said nothing nothing new and So I said it looks like the euro is drawing traders to go long, right and and again, you know has this Great if is there and we would be there to take them out, right? So again scan through the details you can read back through the Through what I was saying and what I was discussing with Ken as to the reasons why probably in the short term You may want to continue to have a maybe a short bias or at least If you are going to trade the euro not necessarily have to trade the euro, of course, but you know, I figured to myself that you know The euro You know because nothing had come out and we had seen you know certain forecasts from ing that it was going to go to or may go to 105 at least in the short term if nothing new comes out That was really the bias. So when I said that you know traders are being you know drawn in to go in long and Ken said You know, we'd be there to take them out is because we were then waiting for you know A certain set up and that was pretty much what was happening right across the board all the euro You know traders Who were looking at this all the price action traders who were looking yeah At you know this in real time at around the time that we were talking about so around that 130 mark So replay so that was again that borrowed finished. So that was around, you know One one o'clock. This is a 30-minute chart 130 said this would have drawn traders to go long right trade price action traders who believe in momentum and you know Breakout traders, you know, you've got to take that this is where the market is telling you to go the markets not telling you No such thing. It's doing the opposite All right, if you don't know the fundamentals if you don't understand what's going on behind the scenes You're just gonna get drawn in to To these types of moves and then get caught, right? So what ended up happening was is that this ended up being a nice level of a stop hunt and prices would have drawn traders in so as You know, the retail traders are doing a buying which is the liquidity for what the sell orders, right? So if I want to be a shorter of the euro, I'm gonna need enough buy side I guess you would feel the quality buy side liquidity If you want to you know, call it Liquidity buy orders in order to facilitate, you know The amount of sell orders that you want to do right or you want to do it again So if I need, you know a billion pounds worth of Sell orders yet at various prices, you know, and the higher it goes is cheaper for me I need a you know a billion pounds worth of liquidity By orders, right? I'm selling if I need those short orders, right? So that's basically when everyone was going long, right based off price action not understanding what was going on Fundamentally not prepared or anything like that. Guess what was happening? The smart money would do in the absolute opposite taking out the liquidity above obvious levels and then Right Look what we see today Right look what we see right now anyone who's going long. There's pretty much got caught and this happens time and Time and time again. I explain it in you know in the In this video as well Where you'll see You know, we go over this and again in real time, you know I was we would basically just insinuating that that was pretty much what was, you know, likely to happen, right? So Yeah, it's it's it happens time and time again. I'm not saying that we you know, we we actually You know new 100% of this was gonna happen but we did prepare we said if this happens then that is likely to happen and and So yeah, there was some there was there was some decent trade setups So that's not only that there was a you know, stop on the Euro New Zealand. There was a there was quite a few stop-punts matter of fact Euro CAD right and also as well if you go to You know the this video as well the 6th of June the weekly technical analysis video again, you can find that in the That was this video here. Right weekly technical analysis. I talk about, you know, the levels That we're looking at and understanding that, you know, nobody knows that's why you got to see question marks there Nobody knows which level is going to, you know, stop-hunt, right? It's like you look for the setup And if it's it up occurs around those levels, it's just we're just watching those levels, right? But you can see that I have an alert set of round that just beyond that Just below that 1.67 level, right, which is basically what ended up happening and that's on the Euro New Zealand So if you go back to the Euro New Zealand Sit back to the Euro New Zealand. Yeah 1.67 which is pretty much around here Right the alert was there That was where we were looking for, you know, the Stop-hunt to occur right and it pretty much, you know ended up playing out. So So, yeah, it's not something that, you know, this is, you know hindsight bias or anything like that if you go back through, you know the videos you'll be able to see you know, the analysis and And yeah, so where we at now Really just understanding the aftermath of the You know, the Euro not saying the Euro is going to, you know, go all the way, you know to the downside But again going back to the Euro dollar You can see again, you know traders being drawn into the upside and then all of a sudden it just takes out all the liquidity It takes them out, but you know traded to blow in their accounts, etc. So Yeah, it's all about really the preparation. Yeah, the preparation Before the fact right what is known is known. So if you're sitting there and you you know Thinking that, you know, I want to trade this event. Yeah, really, you're only trading or you should be trading surprises Yeah, as far as the surprise being if Anything unexpected comes out. So unexpected meaning Especially with a central bank whether they're, you know, very dovish or very hawkish and sometimes Euro the, you know Central bank can be dovish or hawkish, but it also it depends on whether the The the market really kind of believes them, right? So there was an article that came out Which was from ING which came out which the headline was the ECB hawkishness not enough to lift the Euro right now The implicit openness of it to a 50 basis point hike in September by the European Central Bank delay was generated only short-lived bounce in the Euro Dollar we think that rising peripheral spreads and grim growth outlook and we are speaking about that with Ken in that conversation in this Called in the Eurozone are keeping the Euro at check and that return to 105 remains Likely we knew that before the fact and again our view remains that current unstable environment for global sentiment as of as the Fed pushes through with 50 basis point Hikes during the summer the dollars should remain supported as we don't see markets having a solid basis for turning Substantially bullish on the Euro right again. That's the economic side of things. We were discussing it Right here while I was discussing it Me and Ken were discussing it and we just saying that this was an article that was talking about the Europe's you know economy and pretty much Europe having stagflation worries, you know yesterday You know that was you know, what was you know in play I think in behind the scenes And you're given non negligible downside risk to Eurozone's outlook, right? We continue to see it return to 105 as the most likely scenario over the summer and into Q3 of 2022 so several banks that are potentially forecasting a higher euro and ING and maybe some other banks are probably you know looking at still being bearish on the Euro either way There's money to be made either buying the dollar. Maybe not necessarily always against the euro, but maybe some other week currencies But we're in now that I guess if you want to call it an auction There's definitely the auctions and upsides and downsides being kept So there are opportunities to buy the euro against the dollar But it's also, you know, and I think my bias would probably be more to lean towards any euro rallies being sells at least in in the short term so Although I didn't quite get the entry that I was looking for you know around this area here I was hoping that prices would have you know gone higher, you know, I mean and then come back down Unfortunately, it didn't do that But there is obviously an opportunity to get long around here Many of you I'm sorry short if you did want to many of you will see that or may not see it But that now would be what I would consider to be a CPR That zone there because it's definitely caught new traders going long. Yeah, not your typical CPR But it's caught traders going long within that zone Breakout traders. So if price does come up, you know around here I think that is going to be a very nice short Trade or anywhere just below that That's gonna be a very nice short trade and as well the stop on above that level around the 107 90s For me is also still a sell as long as obviously when if prices do come up here that you know The dollar is still the the stronger at the two currencies. So guys You know, if you haven't got The time or try and make the time to watch the videos. I know it's a long You know what we did on on on Wednesday was I think something like a two-hour session or something like that Yeah, two hours 43, but all the information is relevant. You're gonna have to you know, even if you can't do it in one sitting And these videos all in one sitting Maybe you know do half an hour now, maybe half an hour another day half an hour another day You know, I mean they say what's the analogy? How do you eat an elephant and one piece at a time? So don't try not to you know, you don't have to necessarily sit there watching, you know the all of the The whole video all in one time just maybe break it down into into bite-size chunks So, yep, it's all there all the analysis is there for you to read in real time You know compare and contrast what I'm saying with what actually happened in the market before as well as you know Obviously afterwards and you'll see You know many many again traders have put it in court on the wrong side Euro New Zealand being one Euro had Euro Aussie as well being one as well. That was a level Ended up being stop-hunted and at least if you had enough risk-a-ward to the downside as we Generally want, you know one of the profit targets is should be if you're aiming for any kind of profit target I would definitely say 50% of the of the auction is obviously a nice profit target depending on the risk-a-ward and that would have been, you know a really nice It would have been a nice a nice trade second target probably down here. So yep nice, you know stop-hunts That had set up on the Euro Aussie, Euro New Zealand, Euro CAD and some of the Euro trades, right anyways Take care and I will see you all in the room later. Take care