 Hi guys, welcome back to another weekly trade setups video I hope you all had a great week and even better weekend for those that have been peacefully protesting like myself this weekend. I just want you to know that everyone here at Amplify stands with you and in some Crazy way. It seems that 2020 could just be the year that that wakes us up. It's you know started off Incredibly Bad and it's still you know full of bad things that are happening But we're starting to see a change and I think that's great to see you know people really coming together So yeah, everyone here at Amplify we stand with you Moving on to less important things will go about it the same way we did last weekend And we will have a look at the charts how we finish the week Review that and then move on to some new levels that may have appeared in areas to be aware of and then also I did a Instagram story not long ago. Just asking you guys about how Or what markets you may want me to look at so I'll go over a few of those So I've got a different platform up as well, which will have a look at those Which aren't ones that we trade predominantly here at Amplify. So yeah moving on to the euro You know like I said last weekend. I want to leave the levels on and we review. However, I've clearly gone On this at the end of that last video. I just talked about the monthly trend line So removed unfortunately the daily levels. However, you can see we broke that monthly trend line So let's just put it on to the daily chart here You might click on that daily chart and you can see just the reaction around that trend was quite nice You know, we broke through we came back found support But yeah in terms of review you're reviewing it and we'll almost have to start from scratch unfortunately on this one So I'll remember to leave those lines on for this time next week the pound So where was the first of June? So we yeah, we closed obviously just before this one 23 83 a fantastic Monday really was wasn't it? And you know what? I think I was saying this this time last week how you know We're in that area where the balls need us above the bears I'd only be really interested below the trend line great Monday close above this line that we had marked marked up drawn here 124 67 Lovely push to the next area, you know, it's the next point people be looking at the 200 day moving average It means check it is the 200 day Yeah, you can see was tested look at that finish right on it right on it. I mean if you're If you're bearish you got save your bullish you're thinking are we got the clothes above our two areas here on April and April and We just couldn't quite get above there. We tested also Incredibly importantly this this previous low here. So, you know for a while. I've been saying we're gonna get 127 and Okay, we've got it, but that's not with a couple of you know pushes lower It feels It feels like this is a great place to take profit of your long skies and really really does you got the the Fed on Wednesdays we know I'll sort of come back to that in a bit, but The jobs numbers were really good on Friday really good I mean when I heard that squawk me and Anthony were doing a live session for our traders And those that are on amplify live as well. So our our community and it came in as 2.5 million I was thinking did they forget to say minus the guys at new squawk, obviously they didn't But yeah, so really good. So it'd be interesting to see what Powell says on Wednesday Notoriously the Monday Tuesday after non farm pair was quite quiet People pre-positioning ahead of the Fed as well Wednesday I'm not expecting fireworks in those first couple of days even more reason to maybe unwind But yeah, the pound you can see reacted really well to the levels. We had marked up Ozzy dollar. Let's have a look I mean, we you know, one of the things I was clearly looking at here was, you know, can we get a break and retest above That level and there was retests on the 1st of June, but I mean look at that. It's flown flown through it Really, you know strong push here And it's it's another one. We were saying you don't want to be sure really you don't want to be sure unless We break support on these markets be late be late to the party, you know Don't go chasing, you know lover, you know trend line here that held up play I mean if we had maybe closed the day below Say 66 13 then it's a different story. We can look to sell, you know, you've got these fail tests here But yeah decent push and we'll have a little look over some new levels there the S&P Where's the first of June? It's here isn't it? So we pushed our into our level where we would expect some resistance We found some there before breaking through on Friday and look here right on that that area I've marked up. That's a massive massive area, isn't it? And again speaking on the pound and the euro and the Aussie Why not take some profit here? That's exactly how I would be looking at. Unfortunately for my trade I've only got one lot left on if I had to It's 100% being taken here Especially with the with with the Fed come in Wednesday, you know, I'd take it then the Nasdaq Okay, that new all-time high. How do our levels get on? Where's the first of June? There's we get that push Decent close above Offers a bit of support doesn't it pull pushing on? I mean, yeah, nice little push again your long nasdaq You know last summer at the all-time high we came all the way down. Is it going to happen again? Probably not could it potentially anything can happen in the markets got a fed in three days Let's take a bit of profit the Dow lovely Push about say don't have any lines on here Strong reaction to the 200 day moving every strong reaction to our level here on the 6th of March Decent push on closing above these these points pretty key You have to say that is pretty key. Where's the next level? Okay, you've got the low now of of the It's further December where where Trump said there's gonna be no Trade deal before the election before changing his mind two days later But we'll come back to the down and do some levels on that gold couldn't get back above this trendline that we had on Where's the fur? So, yeah, I mean obviously with that risk on Big push down and obviously we'll then we'll be looking at some of these levels now I don't mind a long run of 1660 to be honest, but Again, it's it's you know from from gold from being a medium position Medium-term got to get along this market. We're now thinking about hang on those job numbers were good Hence the risk on we caught rather than dollar strength, but if the Fed are in any way hawkish I mean that dollar strength is gonna send gold a lot lower. So, yeah, is it along right now? I think we'll know more on Wednesday Oil Headlines over the weekend OPEC plus group decided yesterday on Saturday to extend those output limits Almost the same level through July instead of tapering them as planned at the end of June So are we gonna have a little gap in oil potentially potentially I'll check Twitter later, which is really good, you know And if you haven't watched Anthony's BDO on Twitter, it's somewhere below here if you're looking But it can be fantastic Sunday evening Twitter is great If you're looking at the right places, of course, there's a lot of negativity on there at the moment But it's you know good to get a feel for what people are expecting And I'll be looking to see whether there's gonna be a gap higher in oil or not I still stand by we get to 41. I say the same every week and I don't trade oil that much at all intraday but It feels magnetically drawn towards this level. We broke above our Length of March high you break above come down support one two get that push Do we hit 41 or two? Do people then take profit? Do we then come lower? We'll have to wait and see let's have a look at some of those levels later Silver pushed on I've seen it I was bullish silver from the start of the video not the start of the video the start of the talk about silver up to this area I mean, that's technical analysis for you there I know you had the risk on into the back end of the week But you've got to feel if we could have got a close above there this market could have pushed on it didn't We found resistance. We then broke back below our previous What is then going to be support and we push lower and this is what I'm saying about the euro about the Aussie about the pound about the S&P be late You don't need to be a hero and sell up here. How about you sell? When the buyers are no longer in control at this moment here You've got to say if we come back down and look at that reaction the buyers to take over from that point So if it goes Sellers come in and that's what happens look caption hindsight here is speaking and it's easy to say That but the amount of times you see when these levels go. That's when you get that push The decks I didn't have many levels drawn on by the looks of it above the 200 day moving average Looks like this area might come in. Let's have a quick look. Oh What a what a level what a level I mean here I mean, let's go back to the S&P quickly Look at that Look at that bang on here. I think the Dow was also almost at some great resistance there and the decks I mean Three days before a central bank meeting where you just had Incredibly surprisingly good job numbers I don't know if you'd want to be adding to a position Above right now above those levels fine Just be aware of Wednesday. Um, let's have a quick look at the new levels them Let's have a quick look. I don't want to keep you too long what we've done ten minutes Okay, let's try speed through some of these so you wrote daily chart Let's just remove the the points, you know, like doing this by now It's just a good way to start with that blank canvas and being aware of you know Any new levels that I need to be need to have on Resistance above where we're trading Got these couple highs. I'd be surprised if we get that this week to be honest. I was saying to Our traders on Friday about this level which we hit of course great fine Great playstate profit. We then get the false break and I'll send it if we close below here You've had a massive rejection of all of this area. So Technically I'm bearish the euro of the fur of this week Wednesday changes everything Wednesday evening fed And hopefully we can cover that live actually for you guys So watch this space. But yeah You know lying in the sand. We've got a great level up here the these two highs So below where we're trading where did the the bears need to get us below? This is a good point here got the high from the further June was also a good level back in March So yeah below here, then you'd be looking for for price to come to this point And and you've got quite a lot of Highs from here before it could break down and and you get down to this point I don't think we get anywhere near the 110 Handel, but just be aware of how important this area is as a support point and how if the Fed are potentially going to be you know dovish continue to be You know, this is an area where people will be looking to get long back up towards those highs if we have a move like we did last week we break above that one 15 and You're looking at some of these highs going back to the Sort of March time at March and January 2019 I was gonna say this year March and January last year. So just bear that in mind And I want to leave the levels on don't I'm just gonna get a new euro chart up here just for the month and Let's just have a look at that trend channel. Obviously we broke broke it We had already broken it of course, but look at this here. We were having this on one test to What happens on that third? Let's get a little horizontal line if that comes It's not far off being those high as maybe wishful thinking but big area, isn't it if we can get there also in the month Big point here, we've got a few weeks left of this month as well, but Yeah, the bears need to take control and this is I think it's good week It's a good finish for the bears on Friday despite getting battered throughout the week The pound do I need to take any of these levels off? Let's get rid of the arrows. Let's get rid of the arrows 200 day moving average key 200 day moving average key rejection of this massive Where would I be a seller? Potentially on a daily close below these highs. I think that could be quite nice Also, how about this high here? We once we broke above we couldn't close below So this could be in a new point just to consider You know the short back towards these highs here all points where the buyers will want to come in above new levels to put on here the low of the 11th of March and then obviously mark up the 12 I'd be surprised if we get up there, but just just those lows and highs of these these days around here Massive resistance though from what was support. So yeah, look great place to take profit You know look at this from 27th 1 2 3 4 5 6 7 8 9 trading days one of them red One of them red I'd be surprised if we push on likewise with I mean look at that in the euro New levels in the Aussie Where would I be a seller? This looks to me like a nice point Good support. I mean I remember this really nice short back in in January I got in on that down to to these lows Shoulda coulda woulda But yeah below here good support when we broke through markets respecting it I'm having that on I'm definitely having that on so I know it's a long way below where we're trading But be late be late to the party. I had a little trend line on here. Was it worth having on? Doesn't look like we Respected it to be honest. I'll remove that not worth having on that was another you know test Is it gonna be a trend line? It wasn't so I forget it If we have a risk on week Aussie will push on most likely You can see free rejections of the Wednesday high Surprising it didn't maybe go and test that to 31st of December. Hi, where are we on the year? Pretty much where we opened interesting On that one recovery and one of the one of the markets You guys want me to go over as pattern against the Aussie. So I do that in a moment But yeah, those would be the levels for the Aussie Conscious of time. So I'm just gonna skip through These relatively quick to get rid of those lines on the S&P I think the way the S&P is traded over the last And The vapor since I've been fantastic. I really really do New levels to the upside Just the high that I would have on 25th Feb, and then we've got those points from last week already a Properly also have a nice one in here Which we broke through last week, but I don't know if I would change anything where would I be a seller? And it would be very short term being seller I think we go all-time highs as you know but below this point here You've got to say the The balls won't be happy when was the last Fed meeting 12th of May what happened on the 12th of May? We push up into it would come lower Do a little bit of a bit backtesting guys as well. Look at the last, you know 24 months worth of Fed meetings a lot of them Disappoint a bit and we come lower. So that's what I am expecting here. I think we do come back down I would love to load up here. I would love it. I really really would I don't think we're gonna get the chance big move to back lower to there, isn't it now's that all-time highs Close below all of that close below this point here the high that we had on the 26th of May You can see we once we broke through failed test failed test to close below that would be key 9618 big line in the sand big line in the sand that the bears will want to break the balls want to hold And then we can start looking at maybe some trend lines from these lows You know is anything here gonna gonna mark up is anything here worth having on do we get a third test that kind of thing? to bear in mind but those Lines that I've got marked up here. I'd still still have those on the Dow We've got our new key level it takes something to get through there big area here now Above 24 for Feb even bigger with these lows makes a zone makes a very strong resistance level We're above the 200 day moving average, which the Dow respects so bear that in mind If you're bearish you want it below there if you want to be I Would say super cautious. I'd be a seller of below 2500 889 back down towards this point here We never got the retest of this mark of this zone that we broke did we pushed on we didn't get the retest of these So just bear that in mind if you get in, you know some big moves lower The bulls, you know, I still in control of these areas in my opinion. So just don't go aggressive Be patient sell underneath or buy above Gold Keeping those lines on we just got a bit aware of areas below where we're trading and start picking out some of these you asked me, you know a few weeks ago and Let's just remove everything that trend line for me now is invalid, but We are range bound and You've got to you've got to love a long here, haven't you Got to Little false break on that if you if you want to be patient maybe after Wednesday Maybe after Wednesday could be the opportunity there another area to be Late on is if we can get back above these these bottoms here to to get the long on a break retest go or you know the price action on the day big zone I don't want to remove that rectangle to get a new one in here big zone here These lows those highs and then up to towards here as well and then this point on Just get these lines drawn on because of course We want to review next week That's how I'd be looking it below here This market for me goes down and tests these two highs and and that would be great value for a long But not too good for medium-term balls oil. Let's have a look to see what happens that for me This is such a big area. I mean maybe it spikes on the day to here 43 24 Maximum next week 5th of March That high these are big levels aren't they if you bearish for me you're a seller under here under 36 29 But just because of the importance of it Resistance, okay people taking profit team push through combat support push on okay where my stops below 36 29 Where's the shortcoming below 36 29 would be the way to look it in my opinion Silver this way and see same as gold big level up to the to the upside buyers can come back in above 18 19 a lot of support around here if that level goes. I think we get 16 53 and a half quick Interesting interesting interesting is that a little bit of a trend line on these lows Yeah, good get that little break of that you wouldn't want to you want to be long would you? a little long above these lows Potentially you can see support support support break above 178 81 could be a long I'd prefer to be late and get in 1819 the Dax I mean Recovery amazing looks like us equities However, fire me a bigger bigger level in the Dax this week. Wow Wow, wow, wow look on these equities, you know, you know, I'm bullish overall and we get all-time eyes in all of them That we've gone through so far in this year again and My opinion that's changing next week. Yeah, maybe a silly thing to say at the moment. I'm still bullish. However First couple of days this week and Wednesday. I'm not looking to add to positions. However After Wednesday with the feds we close above this area in the Dax It's gonna push on, you know Then you're sort of thinking about these highs you think about that gap feel the importance of this zone here And then it is all-time highs which is insane to think about but it's the reality right now If you're sure just be aware of these previous highs, you know, you probably want to be sure I would say below that below our 200 day moving average, you know It's it led to another push was good support here choppy. Yes in the August time But look how good it has been You've got a got a Maya The patience here if you do get in and I think it would reward a good trade back towards, you know some of these levels on Here so short below 200 day moving average and the areas back in the beginning of March I think it's not a bad trade to have moving on. Okay, 23 minutes So we've got a couple to go through my phone. Unfortunately is on the other side of the room So there was a couple of other than the markets. We've already gone through a couple of charts That you guys wanted to to have a little look over So let me just Drag Drag it. Yeah, here we go. Sorry. That's taken me a while Okay, you can see that. Yeah, you can One of them was the footsie Was the footsie it's have a little look on the day strong push We filled the the gap last week important Because I've got a little bit of a bearish Outlook I'm a short below You know this area here those highs back down to here not bad. I like her. I like her long I like a long if we can come back to this point Again, I'm waiting for Wednesday. You're probably sick and tired of me saying Wednesday by now Levels to the upside here. Look at that one two push through that's big That is big and if that goes then you really are looking up to these highs. It's playing catch up, isn't it? Now the pound weakens as well and then we get some risk on I like this a bit more Worth just bearing in mind those levels to the upside. I don't think we get much above there But at some point we are gonna be looking at these lows here. There's still a grime You know what I think just looking at this and I don't look at the footsie much But I'll be I'll be having a little load up on a long through to be honest I mean if we can get back to this area get some bullish price action Long stop below this potential trend and these lows But I mean that could be a great trade Target in here Target in here. I Like it obviously, you know de-risk here there and then if you've got a final bit on Why not get up to those highs as well? Around here really like that Really like that. I'll be looking at that. I'll be looking at that the other one was pound Aussie Um Aussie strength has been phenomenal the pound against the dollar has been very good. Oh, we drew a little recovery Be late is how I would say if you're looking for longs If you're looking for longs here, you've got a lot of these lows, haven't you in the mix? I don't know. It's it's a tricky one because it's come down so much I mean the area we've just found support on if you're you're a little aggressive It's it is a great place to get long One rejection to rejection free Yeah, I mean the risk ward isn't too bad. You de-risk there You then would you know de-risk on these lows and if it gets above here, this is me saying that be late This is when I think you could get you know bigger push on To be honest and be looking at some of these highs around here, you know if you're You know longer term happy with with being long the pound, you know, we're at levels Last trade in October last year Can we come back lower? Of course we can but Not below last week's lows, you know, if you're short these points are all key for retest back and if we close the day below the This area here where the mouse is you'd be looking at levels last trade is September last year And a lot of support around there. So yeah, I mean look if I was long I'd be happy stop below here target up there It's a good. What's that? It's cool. Yeah, three to one four to one up to this target Uh, if you're short Hopefully your book profit because this is you know, not what you want to see Uh, but let's have a look at what's happened previously support support support support On what was a key level and then you get that breakthrough retest Wow, what a trade what a trade anyone take that uh second of june That's a phenomenal entry that isn't it support support breakthrough comeback. Ozzy's still going well risk on Wow trade down to here Shoulda coulda woulda shoulda coulda woulda Um, but yeah guys, thank you, uh for for tuning in if you've got this far Um, any questions? Please get them in the chat and and look out for my video Not video instagram message next week where if there is any other markets that you guys want me to look at and The more obscure not a problem. Um, I'm more than happy to do that. But uh, yeah This will be it for for this week and I look forward to Interacting with you guys in the comments, but also catching up with you all uh, this time next week Take care and have a great week