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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. 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.
Short
by rosshayes
1
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.
Short
by rosshayes
1
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!
Long
by rosshayes
1
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.
NASDAQ:GRWGShort
by TrueTraderOfficial
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.
NASDAQ:EBAYLong
by TrueTraderOfficial
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.
CME_MINI:NQ1!Long
by TrueTraderOfficial
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.
NYSE:AMCShort
by TrueTraderOfficial
9