GBPJPY: Inside day, first green day, three days cycle
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
2. SIGNAL DAY
3. WEEKLY TEMPLATE
4. THESIS:
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
- Monday DAY 1 Opening Range
- Tuesday DAY 2 Initial Balance
- Wednesday DAY 3 (reset DAY 1) Mid Point Week
- Thursday DAY 2 ✅ day 3 cycle
- Friday DAY 3 Closing Range
2. SIGNAL DAY
- First Red Day
- First Green Day ✅
- 3 Days Long Breakout
- 3 Days Short Breakout
- Inside Day ✅
3. WEEKLY TEMPLATE
- Pump&Dump
- Dump&Pump ✅
- Frontside
- Backside ✅
4. THESIS:
- Long: primary, potentially weekly dump and pump will be completed, looking for a buy low setup, targeting the HOW, where short traders are still in profit.
- Short: secondary, inside day can give a reversal trade when it setups up for a 3 session pump and dump, although not my main view for the day, I do not exclude the pump day of yesterday as the beginning of 3 days cycle pump and dump, completing the move on tomorrow.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
