GBPUSD: Inside day, first green day

6 июн.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 ✅ no daily 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 3 days dump and pump starting from Tuesday, yesterday the market closed as an inside day, placing a higher high during asian session today. The market is currently setting up for a dump and pump scenario. I will be looking for a buy low setup after first hour NY session news release.
  
• Short: secondary, weekly template pump and dump, although there no lower low or no low of days triggered yet, the news can explode reaching the LOW target.
  

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

6 июн.

Комментарий

DAILY OVERVIEW:

All the news of the day have been released, if there is a setup, I will take it!

6 июн.

Комментарий

going lower... re draw your level

6 июн.

Комментарий

Although there were a possibility of entry, the market reacted on the yesterday closing price (CP), currently trading in the range CP/LOD. The session is almost finished, no trade on GU today

7 июн.

Комментарий

Not so much RR at the moment, I typically want to see at least 50pip of space from my entry till the target. However, still great potential