Updated

EURUSD Simple Trade Plans; Pre/Post ECB News (new uptrend).

ECB deposit rate facility news comes out soon, as well as speech from the ECB in general terms relating to monetary policy.

Anything that confirms a quicker easing cycle will likely feed into a downside drip for the EURO. This comes as a near term uptrend forms on a second high.

Upside moves will rely on anything that will delay a cut (unlikely). The FED has made its position clear lately leading to real weakness around the USD.

Note

No change from ECB. Unsurprising reaction.

Awaiting further market moves.

Note

EURUSD further crumbling, lock in some gains.

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1H TL breaking. Likely we may see a bounce given higher TF support areas we land to:

Lower 1h TF,

Higher TF levels:

ECB rhetoric slightly shifting around 1 cut. Dangerous. Supports new found up trend and long bias.

Note

Lack of news causing a stall. Strength flowing through USD post fed comments.

Note

ECB and FED cut trajectory somewhat along the same lines, slight tentative rhetoric from ECB board members.

Would not be surprised if any fall to lower side of TL takes some
Time. Support areas must be broken, longs therefore lower.

Note

Upside TL (1H) Broken. Push back to local MA's would assist new found downtrend to be sustained. Re shorts applicable therefore (blue circle)

Note

EUR weakness feeding in, market crumbling lower.

Take some gains as approach key mid level support zone.

Note

Video update:

Note

Kill shorts.

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Light rejection as expected. Weak reaction for demand, ideal lower for longs.

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Follow through continuing, although not heavily, kill longs and re-position lower.

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Price Popping for reshorts.

Trajectory still being followed.

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Brace for fed.

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Rates held. Helping EURUSD fall further.

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Re-shorts applicable. Further moves likely to depend on sentiment (mixed at the moment).

Note

Very important pre fed update:

WillSebastian

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EURUSD Trade Plans + Trend Lessons

by WillSebastian

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WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.