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)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ day 2 cycle
Thursday DAY 2
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, three days dump and pump starting from monday, day 3 shorts and first green are a potential bullish signal. This morning the market broke higher, started quickly dumping back into the yesterday closing price, eventually consolidating during the whole London session. After the news I will be looking for a buy low on the CP or current LOD, targeting the HOW
Short: secondary, yesterday NY session placed a lower low into the LOW, before starting pumping back up. I cannot exclude the market going back to retest or break the LOW. I would be interested in this scenario if the price comes back into the current HOD, locking it for a reversal trade
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.