The second reach up under the trend line was on April 30th, imagine that a trader who was trading Eur/Usd and ignored Weidmann and the EURX, instead he was a PA trader and liked the 15min for his action.
It was Monday morning, just at Europe opening, he could see higher highs, break of Friday’s high achieved, the low of the previous week a long way down - a SL under there and a buy at market.
By next day at Europe opening his SL was gone.
Guys like things reasonably exact, they’ll look at Eurx d1 and think maybe price went a little over the line.
Trend lines are inexact, merely a representation of market thought, Weidmann is a wise man, he knew exactly what he was doing, as will the Yanks and indeed all the others in turn.
Here is the closest to being exact, bottom line is daily and thus older, top line is hr1 - the bots have it 
First check the forex calendar. Mark the big impact news. Place a buy limit and sell limit order based on support and resistance point at the day. Enjoy your life.
News trading is a helpful tool related to the market movements as market is influenced by the impact of the market. Traders always keep an eye on the news sources for getting a clue about the future of the Forex market. Many traders only trade on the base of news impact. Do you know any news trader?
I do not trade during before and after big impact news like NFP. To me trading news is just like gambling. But if you have excellent fundamental knowledge, that’s different. Just by assuming or listening from different news taking a decision is foolishness. Actually most newbie trade during news time because of the fear of missing an opportunity.
Well trading during times different from news proved to be much more complicated, since market is random and even with good risk management you would arrive at breakeven level at best?
Why would news stir some strong market reaction if every trader is adviced not trade? Maybe because it’s new important information which determine true changes of market expectations?
Note the red line in the image above, see what happened a few hours later below - what’s important is not the red line (it’s been there for many weeks, probably on one of the earlier posts also) , more what happened in between, low was 30, sells would be at 20 so programmed not to go there, protecting the 20 means the bots are in buy mode:
Finally, in the absence of news were there are techs indicating a little Euro buying?
10yr German and US bonds with Eur/Usd:
Or maybe USDX would be better:
Sometime before news high impact was released the movement on the market on low volatile, like as yesterday when news adp no farm employment change beforex releases the market on slow movement and tendencies being flat, but after news been released then eurusd on bullish strong
Almost boring but yet again anything on TA (thinking with the FA) to suggest the fall on Eur/Gbp today, i.e. Euro weakness?
Using US10yr (risk)
And to be completely boring was there anything else, not too technical, just something simple like…
Trading the news and trading the techs, imagine the power of two
And finally that’s all hindsight nonsense, as always it’s right side that counts.
The market is unsure, that hammer - the wick didn’t get to the 20, sells were not triggered.
Some risk over the weekend, upcoming trade war (mostly losers are consumers) Italy and Spain politics etc.
Possible weekend gaps up ahead.
.
The uncertainty manifested in price on Monday up, on Tuesday down.
The 20 remained protected, so sells yet again not triggered.
The news factor here is Brexit, the market remains focused on GBP side of the news.
If price breaches the 20 on Brexit news then likely soaking of orders between 00 and 20 and then a leg down, sells would be triggered.
And a little more hindsight nonsense, imagine that on Monday evening that a trader agreed with me that the market was unsure, was there anything to back up that it could turn on Tuesday morning UK time - after a tight Asian?
And even more looking back (post 46) - the shift in risk, here is how the Eur/Usd chart looks a week later, that blue line seems to have been a red line for buyers.
And finally over to the right side, tomorrow will be a Brexit news day, it’s difficult to see how the market will react, it already has a sense of that news as the Price Action guys will advise - it’s already priced in.
But is it? - GBP/USD says GBP positive since May 29, 08.00 gmt, so good news for the pound.
Hmmm… thinking in broader terms, looking at that blue line above, then the chart above that c/w it’s red line.
Of course the news was not ‘priced in’ - that’s offered as a reason not to bother learning the news, the blue line gives an indication of how the market perceives the Euro right now, buy or sell.
‘Tomorrow’ in the post above was Thursday which the market knew was going to be a Brexit news day.
The red line was a ‘support’ price where the short term bots were programmed to buy.
Ahhh…the red line
Edit: btw same red line as back in post 45
