EURUSD: First red day
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“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
- 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
Note
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
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