XAUUSD 26th FEBXAUUSD
Were seeing another bearish order flow on this pair so we are looking for the to carry over again and continue into this week.
for me the most obvious zone to trade from is our supply zone at our last high, based from this if we see price dropping deeper rather then pulling back we may have a reversal move from our first demand show.
Overall iam looking to take this short from a zone above and target our demand or trade it in the reverse and long from demand aiming for supply!
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As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
Sunday
GBPUSD 19TH FEBGBP USD following the Australian dollar. We are looking for this to continue bearish here we have clear structural breaks on the larger time frame. We have clear areas of supply above as well as filling the short-term fair value gaps and imbalances. We are expecting this bearish movement to continue to our lower target which is the previous low created.
A pretty simple breakdown for this week as we would like to just follow the trend. Remember we always look for smaller time frame setups to determine the best possible entry point. Also, if the price does go against our overall bias, we adapt and react to the market accordingly. Remember, you do not want to be too attached to your bias because it's what you want the market to do.
You always have to keep an open mind and remember that price can do as it pleases... But for me, this breakdown is pretty simple and I'm expecting continuations to the downside. If we break the high of the short-term range, we can then start to consider possibly price shifting higher. Overall we are inside of a larger downward range, so overall I am still bearish regardless of this.
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As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
AUDUSD bias 19th FEBSo we're back again for another AUDUSD breakdown. Following the idea posted last Sunday, we had some amazing bearish movements. CPI caused a slight deviation with our supply above, but held overall and delivered price lower.
Coming into this week, we're looking at a pretty similar scenario. Price has broken down and left to clear areas one it is sitting in currently. After clearing minor imbalances and tapping into this supply area, we have now seen price start to deliver shorts on the smaller timeframes.
It's a pretty simple breakdown for this week and I'm looking for clear bearish movements lower, with our target being the large demand area that has not yet been tested.
Overall, I'll be looking for bearish movements pretty much from market open. But as always, we will monitor the lower timeframes to find our best entries to take this move if it's going to happen.
Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think.
As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
EURUSD market open ideaLets get our Sunday mark ups started off with EURUSD...
Each zone has been highlighted to observe the way price behaves in these areas...
Were seeing clear breaks of structure to the upside and small gaps left below, in my opinion price following current order flow is the best way to lead into this week. we may have price prove us wrong but until then we are confident with our current areas of interest.
We are looking for a new high to be delivered after gaps below are filled!
XAUSD Sunday markup Price violated weekly and monthly lows but was unable to clearly close below those important lows. Helping me to establish a clear hypothesis of where price could possibly be going next.
There is data that shows price wanting to move in a bullish direction, ending the month of august with a bullish outcome.
there a couple of possibilities to look for during Sunday open, keep your eyes peeled.....Sundays are my favorite trading days haha.
Weekly Watchlist 10/4 - 10/8Here is what stocks we are looking at this week!
NASDAQ:AAPL
Seeing a nice bounce off of 100sma and the .50 fib level.
Looking to take a move over $143 with targets of $144, $145, and $146
NYSE:NET
Nice consolidation and retest of old $112 support.
Looking to take a move over $116 with targets of $118 and $120
Sunday Prep 8/14 - $GRWG Starting with the monthly chart here to show you just how major of a short trigger this has just hit. The bigger picture target would be the monthly 20sma if you were to want to swing it. But the r:r is terrible since you wouldn’t be wrong until it were to make new ATHs. So then how do you trade it? Thought you’d never ask!
The first area I will watch would be a retrace back to the monthly pivot at 33.52 which would also be right around a 50% retrace of Friday’s action. I kind of think that level may be a bit too close and would rather see if we can push up into the quarterly pivot at 35.64 which is closer to the most recent breakdown level we had on the daily chart. Make plans for everything though, which means we need to consider that it could actually push up a lot further before finding resistance that is too thick. The 40-42 area is where I would get pretty involved and possibly be looking for entries that allow for the swing idea as well. I think you have much clearer risk using 44 as the over/under level at that point. Keep in mind, it’s highly unlikely to get a push up to those kinds of levels in a single day or even a few. That area would be something for possibly later this week or early next week. Remember, you have to manage risk and be able to acknowledge when the idea is wrong and not working. The plan isn’t to enter at 33.5s and add the whole way up to 42. That’s suicidal. I would much rather take my papercuts on the way up and be ready to attack fresh at each level.
Sunday Prep 8/14 - $VRMShe’s not there yet, but if Monday this can flush hard down to the ATLs, I think it should offer a decent bounce. Keep in mind, I would prefer it to just slam down there. If it just has a constant grind lower then I would most likely scrap the idea unless I saw some definitive higher lows being put in and giving me the ability to have clear risk. If it were to lose those 26s, the next area I would consider revisiting the idea would be 22-23.
Sunday Prep 8/14 - $VRMShe’s not there yet, but if Monday this can flush hard down to the ATLs, I think it should offer a decent bounce. Keep in mind, I would prefer it to just slam down there. If it just has a constant grind lower then I would most likely scrap the idea unless I saw some definitive higher lows being put in and giving me the ability to have clear risk. If it were to lose those 26s, the next area I would consider revisiting the idea would be 22-23.
Sunday Prep 8/14 - $DASHQuite the daily candle on Friday. Would look for a retrace back to the monthly pivot at 187.56 for scoops. That level lines up nicely with a TON of the recent daily levels.
Sunday Prep 8/14 - $FBOver 365.78 is the trigger for me and depending on the action, if we trigger I may just look to join trend that day. But if it wants to just stuff after triggering, I will patiently wait for better entries closer to the 20d with the possibility of keeping some on for a swing. Once triggered the target becomes ATHs for the swing. Obviously needs to trigger first, so not trying to get ahead of myself, but remember, preparation is the key.
Sunday Prep 8/14 - $BTCBitcoin continues to look extremely strong. We are now retesting the major breakdown area from back in May. But we’ve reclaimed the 200d as well as the weekly 20sma and we are continuing to see higher highs and higher lows. Talk all the shit you want to on the crypto space, but one thing that can’t be denied is how well these names follow technical levels/analysis.
Sunday Prep 8/14 - $EBAYCrazy strong day on Friday with superb volume behind the move. Would love to see a weak open and a retrace to some key levels for early scoops come Monday. Can clearly see the 72.47 monthly pivot right there and if you look at the intra day price action from Friday you can see that level held multiple times. If that level can’t hold, the 61.8% fib level is going to put us down there in that 70 pocket which I also like. One thing I like to point out is where this move stemmed from; the weekly 20sma.
Sunday Prep 8/14 - $NQ/$QQQ Tech actually seemed to lag last week in comparison. It had a strong Thursday and Friday, but earlier in the week you can see we came back into the 20d. We have a monthly pivot just ahead up at 15244, but after that, there’s really nothing till quite a bit higher. Obviously we will have some new weekly pivots starting tomorrow, but I hardly give those the same consideration as I do the higher time frame ones. With tech being less extended than the SPY, any dips back to the 20d early on in the week can be used for areas to look for longs on strong tech names. I wouldn’t really be concerned until we lose last week’s lows. If we were to lose last week’s lows, I would be very interested to see if we struggle to retest highs and instead start to show some more signs of weakness.
Sunday Prep 8/14 - $ES/$SPY Markets had a really strong week!!The S&P had a really nice strong push all week long. Kind of hoping we can get a speed up into that 4500 area for a nice extended look to set up some nice short opps. If that doesn’t happen, I would be watching for retraces back to the 20d/quarterly pivot/4400 psychological level to act as strong support. Below that we still have that 4365 area that will offer another high probability area.
Weekly Watchlist! 8/9 - 8/13Check out what plays we are watching for this coming week! As well as a recap of last week's video!
NYSE:SNOW
On Snow we are looking for a break of the $279 level with targets of $280, $282 and $283
NASDAQ:BYND
Nice bullish engulfing pattern after earnings. Watching for a break of $126 with targets of $127, $128 and $129
Sunday Prep 8/08 - $AMC Short Almost feel like there’s no way to talk about this stock without hurting somebody’s feelings. So I’m sure this is where the video version of this will get a bunch of thumbs down. But this is such a broken chart that any spike off the report should be looked at as a gift to hammer short. My first level of interest is close to 42 where you have the monthly pivot which is approaching that upper trend line. If they somehow manage to spike it further than that, 45.50 is the 50d and 45.87 is the quarterly pivot, and you can see recent highs from July in that area as well. I would be polishing Thor’s hammer at that point. But let’s be honest the thing most likely Tanks off the numbers at which point there would be spots where I would buy very emotional flushes. The first area would be around 25 due to the fact that it’s a psychological number and you have the monthly pivot at 26.21. If it were the gap down further than that 20 is the next level of Interest because it’s a psychological level as well and you have the quarterly pivot at 19.12. The other way I’ll look to play it if it gaps down big off the numbers is to short any significant pops and join the trend.