EURUSD: First red day

16 авг.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
  
• 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: not interested
  
• Short: primary, first red day, short traders triggered into the market on yesterday closing day, closing as well out of balance. In the day itself the is expanding the range, I will be waiting either for a lower low on the inside (inside the daily structure), or an explosive coiling after the high will be in place and potentially locked for 30/45min
  

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

16 авг.

Комментарий

In the daily overview, I'm watching if the price can break the most recent low and position myself in a short position, potentially targeting the LOW