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Pumpanddump

Aurasol/ UsdtWEEX:AURASOLUSDT AURASOL/USDT is currently trading at **0.10472**, showing a modest gain of **0.44%** on the weekly chart. The price is hovering near a key **resistance level at 0.10501**, which has previously acted as a barrier. If buyers manage to push the price above this level with strong volume, the next major target would be **0.16473**, a significant resistance zone. However, failure to break above **0.10501** could lead to a retest of the immediate **support at 0.10403**, followed by the psychological **0.10000** level. A drop below **0.10000** would signal weakness, potentially driving the price down to the stronger **support at 0.09000**. The market’s direction will largely depend on whether the price can sustain above the **critical red line support (0.10000)**. Traders should watch for confirmation—either a breakout above **0.10501** with increasing volume or a breakdown below **0.10000**—before taking positions. As always, proper risk management is essential, and this analysis should be supplemented with your own research. Disclaimer : Not Financial Advice
Long
by Wolftrader1337
Ordi / Usdt BINANCE:ORDIUSDT **Key Levels** - **Resistance:** 7.855 (recent high) → 8.500 (next barrier) - **Support:** 7.090 (today's low) → 6.241 (critical floor) **Current Action** - Trading at **7.118** (-1.96%) after testing **7.281** high - Rejected from **7.281**, now near **7.090 support** **What to Watch** - **Bullish Case:** Hold above **7.090**, retest **7.855** - **Bearish Risk:** Break below **7.090** → Drop to **6.241** **Trade Setup** - **Longs:** Only if holds 7.090 + volume (target 7.855) - **Shorts:** If breaks 7.090 (target 6.500-6.241) **Volume Alert** - Weak bids → Risk of deeper correction *(Not financial advice!)* 🔍
Long
by Wolftrader1337
EURJPY: First red day, new monthly cycle!Hello everyone and welcome back to my channel! As always, my analysis are not a financial suggestion, neither a way to predict the market direction. Predicting and guessing is quite 50/50, my job is hunting the best trade setup for the day, and my analysis are only a tool to identify a great risk reward and to align the setup with the overall thesis. EURJPY, ended the month of May with an interesting signal, and I'm looking to potentially complete a two week Pump and dump, if it will setup correctly during the upcoming days. Let's see it in depth, zooming into the previous week! Monday, opening range of the week, the weekly boundaries are in place, long triggered in the market, starting the day with a pump before Asia session. Tuesday, initial balance, the market pumped stronger higher, expanding the range, setting the currently weekly high low. Long traders have been triggered for the second time, and the market closed in breakout. (Other time frames may be driving this move!) Wednesday, midpoint range of the week, nothing really happened, the market stayed inside, up high into the weekly high, closing the day as an "inside" signal, which typically can be an interesting signal for explosive move. Thursday, the weekly high has been broken for the third time, long traders are triggered one more time, and eventually (we don't know it certainly), volume can be trapped up high, and the market could shift soon. The breakout of the weekly high, looks like failed and we might start watching for a great reversal. Friday, last trading day of the week and the month of May, placed a lower low (breaking in structure) and pumped back up inside the daily range, near the Thursday closing price, closing the week as a first red day. FIRST RED DAY, typical is a reversal signal when it setup properly, but as per my experience and backtest, I don't have many templates where the market fall on Monday. It might happen because it is the first day of the new month and we can see interesting moves, but currently I do not see the setup for today, unless major red news on schedule at 10am NYT might be particularly volatile. What am I looking for? In order to validate this signal, I want to partecipate in a pump and dump scenario, setting up during the 3 session Asia, London and NY, not necessarily today, but until the signal will be valid. Can this market go higher? Absolutely yes, I repeat, I'm not Nostradamus ahah I do not use technical analysis to forecast, but only to research for the risk reward eventually I will position myself in the market. I will update this post until FRD signal will be valid! Gianni
Short
by GianniPichichero
3
ETHUSD: First red day, day 2 on the backsideHello traders and welcome back on my profile, here is Gianni, and I hope you can enjoy this detailed analysis on ETHUSD. As always, I don't use technical analysis for market prediction, because predicting is 50/50, but I use it to calculate my risk reward in case I would position myself in the market. My general thesis for the day is pretty short, and following, the logic behind this thesis. Monday, opening range of the week, established the current monthly high, breaking into the low of Friday (lower low) at the end of the day. Other time frames/big players might be in play and potentially the week can setup for a pump and dump. Tuesday performed a strong pumping day, breaking through the Monday high and expanding the range higher, closing as well in breakout long. Wednesday the market pretty much consolidated for the whole day, coming back inside the opening range high, and closing as first red day. First red day is only a bearish signal, it doesn't mean that the market will drop certainly, but it gives you a signal the potentially long might be trapped in the wrong direction, increasing the chances of reversal, the day later or few more days later. Today, Thursday, the market kept breaking lower, and it looks like coiling into the yesterday low of day, definitely a sign of weakness which I will keep in consideration. 8:30am and 8:40am NYT major red news are on schedule, I would not touch this market before that time, avoiding any possibility to be stuck in the trade. How would I take this trade? Simply I will be looking for any sell high opportunity after the news, reinforced with bearish price action, as triple tops, double tops and any kind of reversal patterns into the most recent high in place. What about a long view? Actually I'm not interested today, it can go higher, it can retest the weekly high, it can consolidate, it can do EVERYTHING, I don't care, my only focus is aligning my bearish thesis with a bearish setup. I won't take in consideration any long opportunity for the day. Overall, the market strongly pumped up during the previous week, I do not expect any crazy move, I do not think that this market trapped volume enough for a huge bearish collapse. The potential opportunity of today, if presented, will be targeting the current weekly low (Monday low). Stay tuned for further update during the NY session
PEPPERSTONE:ETHUSDShort
by GianniPichichero
30
USDCAD: New month, first green dayHello traders and welcome back to my channel, as always, my analysis are not a way to predict the market, but long and short are just a signal regarding the setup I'm looking for the day. Guessing the direction is not part of my job, entering setups in line with my thesis, that's my job! A little consideration before analysing this current week, the previous week, placed the monthly low, and retested it completing a pump and dump template. We are currently into the April monthly low and I'm looking for a long opportunity considering the potential volume trapped down low. But what happened this week and why I'm bullish? Monday, is the opening range of the week, weekly boundaries are now in place and short breakout traders are involved in the market. Tuesday, initial balance, expanded the range lower, triggering again shorts in the market. Wednesday, midpoint of the week, breakout lower again, stopping the traders long from the April monthly low and closing the day in breakout, going in consolidation into the end of the day. To me, this aspect is pretty important, triggering traders down low, with not really a strong momentum, typically gives me the signal of a potential reversal. Thursday, pretty much Asia and London session consolidated down low around the closing price, breaking the daily high for the first time during the week (which is to me a break in structure). The day closed as first green day, which is a potential long signal, especially when appears down low. Today, Friday, last day of the week and first day of the new month, I can see a potential dump and pump setting up for the day, but NFP is on schedule and it can mess up completely the overall setup. How I'm gonna take this trade? Well, first of all no action will be taken before news release at 8:30am NYT, after that, if the dump and pump is still intact during NY session, I will be willing to position myself in the market, accordingly with my entry criteria (typically bullish price action coiling for a long move). Can the market go lower? Absolutely yes! As I said, I do not predict any direction, but overall today I won't be interested in shorting USDCAD, because typically shoring into the weekly low, is not a very profitable trade opportunity, and I typically don't like to stuck in a trade for ages! :) I will update anyway the intraday overview during the NY session, starting in a couple of hours! Gianni
Long
by GianniPichichero
17
GBPUSD: First red dayHello traders and welcome back on this analysis regarding GBPUSD, as always I never try to predict the direction of the market, long and short are only the setup I'm currently looking for, during the day. I use technical analysis exclusively to find a proper risk reward for my trades, eventually I position myself in the market. GBPUSD looks currently pretty interesting to me, and I'm looking to complete a pump and dump template started on Monday. Just few words about the previous week, the previous Tuesday which placed the weekly high, it's a level which began an interesting bearish move, and currently the market is retesting that level. The previous Tuesday and Wednesday placed the weekly range, and I'm gonna see how the price will behave on the extreme. This week, last week of April, I can see on Monday a strong impulsive move, which is our pump for the weekly template, the market triggered long breakout traders and closed as well above the previous week high, other time frames/big players are involved on further movements. Tuesday, the market stayed pretty much inside, it kinda triggered the daily high, but the most important signal to me, is that it closed as a first red day after a full day of consolidation up high. Today, a bearish move looks like has already started, but considering still plenty of space down low, I can still be looking for further downward move. Major red news are on schedule at 10am NYT, so no action will be taken before that time. However I will be looking for the market to pump up 25/50pip, coiling for an explosive bearish move, targeting the low of Monday (which would eventually complete the weekly pump and dump), and potentially trailing a partial even lower. I will update this post after the news at 10am NYT Gianni
Short
by GianniPichichero
24
GBPUSD: Day 3 breakout traders long in the market!Hello traders and welcome back to my profile, as always don't forget to hit the like button and comment if you enjoy this analysis, and feel free to share your own thoughts! Trade setup, don't chase movement, neither don't guess what the market is going to do next. I know it looks like I'm trying to predict a move, but actually I'm just showing what setup I'm looking for in order to partecipate in the market, eventually it's going to move in my direction. GBPUSD is currently on my watchlist, day 3 long in the market can be a strong signal of reversal (when setup properly) and I can see a potential weekly pump and dump setting up for today (waiting for news to be released), or it can be a move that can be completed on tomorrow, eventually the market will close as first red day at the end of the day. Let's go a little bit deeper: Monday, opening range of the week was a strong pumping day, clean, clear, which triggered long breakout traders in the market and closed in breakout above the previous weekly level, other time frame traders are involved and the market may be in play! Tuesday, initial balance, the market slightly expanded the range higher and the end of the day it closed in breakout triggering breakout long for the second time, decreasing, however, the momentum of this move. Wednesday, the market stayed inside the previous daily range, barely touching the weekly high and the end of the day, which I consider a day 3 long traders triggered up high. Now, to me, this scenario look pretty much a 2 days of consolidation up high into the weekly high after Monday pumping day, and I would be interested in shorting a potential dump, targeting the weekly low. Thesis: - Short, is my main thesis, going to complete the weekly pump and dump, it can setup today or tomorrow, and what I will be looking for is an intraday pump and dump blowing off during NY session. - Long, not really interested today, but however, I cannot know if the market will proceed to go higher, because overall, we can see a strong bullish trend from January 2025 and I wouldn't expect the market dropping down till that level where such a huge move started. Follow me to get update about this market! Gianni
Short
by GianniPichichero
15
GOLD: First Red DayHello traders and welcome back to my channel, as always, don't forget to leave me a like and a comment to support my work, I don't share too much because I constantly try to select best market's template with a great potential of success. I strongly believe in quality above quantity! If you have been following me since a while, you should remember that any of my analysis are not a forecast, I'm not interested in understanding and/or predicting what the market is going to do. Why? Because guessing is literally 50/50 and is not part of my job. Now, let's talk about GOLD. I really like the current template and how the new month started, and to me, we can have a great opportunity to see a weekly pump and dump scenario setting up today with NFP or keep moving some more day into the new week. To understand better the logic behind, let's analyse the market more deeply. I didn't show in this chart the previous week, but you can have easily a look by yourself and you will realise that it started breaking down in a full week of down move, main reason today I would like to be looking for a short setup (if a short setup will be identified) Monday, opening range of the week and the month, it was a clear pumping day, triggering long traders in the market and closing out of balance. The market now may be in place and other time frames are potentially involved in the market. Tuesday, GOLD proceeded pumping higher, especially during the London session, triggering for the second time long traders in the market, and again closing out of balance. Wednesday it kinda tap the weekly high, but most of all I can see the market consolidating. To me, it's a first sign of potential volume trap up high. Thursday, the previous daily low was triggered, stopping eventually traders long from Wednesday, which they were trying to keep buying up high, and closing the day as a first red day, which potential can be a sell signal. Today, Friday, the market is still inside the consolidation, and NFP can be very interesting in terms of completing this pattern, and I will be willing to take a sell high opportunity after the news. Thesis: - My main thesis is currently short, is a common weekly template of pump and dump if setup correctly But obviously, I'm not here trying to predict, this is only the setup I'm looking for. Yes, the market can keep going higher, in fact, I cannot exclude a scenario of breakout, pullback, continuation, on top of Monday high, which is the opening range of the week. How do I know which direction is the market taking? I don't know, until I will see a setup, either a pump and dump (and I will be lookingto short the dump and the weakness of the market). Either if I can see a dump and pump, I would be willing to buy the strength on the frontside of the pump during NY session. For better undressing, I will be sharing the intraday perspective during the NY session. Gianni
PEPPERSTONE:XAUUSDShort
by GianniPichichero
18
EURUSD DUMP Easily anticipating a lock for high of week. If not, I will cove to .055 Rapid 1.2.3 (i) (ii) (iii) on Monday's open running straight to previous week highs before bearish ChoCh, BOS and change in market structure. LO premarket move anticipating to control risk with SL to BE targeting equilibrium or 50% retracement to open the week ***Unfortunately price is currently trading above VWAP. A strong high volume move across is required to validate the move*** -YungEmsi
Short
by YungEmsi_254
1
SILVER: Three days breakout traders long in the marketHello everyone and welcome back to my channel! Please do not forget to support my analysis, leave me a comment and feel free to share your opinion, critics are always well accepted if not offensive! Silver, a market that I don't typically trade that much, but sometimes it setups perfectly for interesting trades. Currently this template can lead to a strong short move if reacts how I could expect. Before going deeper inside the analysis, as always, this is not a forecast, guessing the direction is pretty much 50/50, especially with the trading instruments we have. What I do and my "forecasting", is about the setup I'm interested in, if setup correctly. "Chasing market movements and position yourself in a market that is potentially going to explode, are two completely different things", hope it makes sense! Silver it's may be building a great pump and dump scenario, which can fail during the major red news today, 9:45am NYT USD PMI, or during the upcoming week, but let's see the logic behind. Previous week, the last Tuesday placed the low, Friday placed the high, weekly and monthly level, creating as well a "box" where I'm interested to see the behaviour of price once will reach the extreme. Monday was pretty much a narrow range, nothing special really happened, a part for triggering short breakout traders in the market. Tuesday, Wednesday and Thursday the market proceeded breaking higher and higher, triggering breakout long traders in the market for 3 days in a row. Apparently we have still bullish strength, but don't forget that we are still inside a monthly "box". Today, I would say the market is in "narrow range" as well, but it's a classic situation when major red news are on schedule, however, a great bulk of volume looks like be trapped up high. Thesis... My main thesis is a short move, not necessarily today, but understand that major red news PMI can drastically be volatile and complete the move (in this scenario I may won't have a good fill to join this short) As well, what I could expect, is the market pumping back up into the current monthly high, failing the breakout and starting the bearish backside process during the upcoming days, eventually reinforcing the thesis with a first red day signal. I will definitely be following and keep this market in watchlist. But what about a bullish move? The only bullish setup I'm willing to take, is a scalp long back into the monthly high, if a buy low setup can be identified, targeting at maximum that level, with no huge size considering I would be buying almost into the high, but still a scalp, well managed, can be a lucrative opportunity. During the NY session and upcoming days I will be updating this post, so don't miss it! Gianni
PEPPERSTONE:XAGUSDShort
by GianniPichichero
11
GOLD: Still in breakout, first down closing day!Hello everyone and welcome back to my channel, I don't share very often, also because I try to put many informations and details in what I describe. First of all, as always, this is not a trade recommendation, neither a forecasting to know what the market is going to do or which direction is going to take. My job, as a trader, is taking best trade setups, regardless the direction and what other people think. Guessing is 50/50, taking best trade setup is 90/10 😉 Gold.. is apparently in an interesting situation and today, is the only market I'm going to follow, and potentially be looking for a setup after major red news release at 10am NYT. It can actually setup either for a short scenario, going to complete the 3 days pump and dump from Monday, or keep going higher considering the overall strong uptrend. But let's analyse both the scenarios, having a deeper look. Little premise, January was a trending month, so I don't expect crazy shorts all in during a couple of days... Previous week, beginning of the month, the market kept pushing higher, placing a little lower low on Thursday, stops eventually are placed below that level and in the future can be a level where the market can retest (stopping everybody still holding long positions). Monday, the market broke through the weekly high, closing in breakout (This is what I consider a pump day) Tuesday, Asian session pushed higher, placing the "all time high" and strongly reversing back inside the range of Monday, closing eventually as a first red day. Today, Wednesday, the market is consolidating into the Tuesday's LOD, and as well the weekly breakout level, that's why this market can be pretty tricky and is important to identify the right setup. SHORT SCENARIO As I previously said, this can be a pump and dump in 3 days, and the first red day, up high into the "all time high", can be the beginning of a short move. Obviously this market can blow off with news at 10am (look picture) or it can start the retest of the current weekly high, consolidating up high for better filling and stronger market for a short move during the upcoming days ( we still have Thursday and Friday) LONG SCENARIO But very important, the market is still trending higher, Tuesday place a higher high and the consolidation down low, above the last weekly level, can be preparing for a bullish major move, today, and/or during the next days. So.. how will I take advantage of it? The days is keep going, news are on schedule, what I will do is: 1. Waiting for news to be released 2. After the news: - Is the market setting up for a long trade? (buy low opportunity), then I will be targeting the current HOW - Is the market setting up for a short trade? (sell high opportunity), then I will be targeting the current LOW and if the market keep blowing off, I would be willing to target as well the Thursday's low. During the NY session I will be updating this post :) Please, do not forget to follow me and support my work with a comment and like! Thanks and have a good trading day! Gianni
PEPPERSTONE:XAUUSD
by GianniPichichero
6
EURUSD: First red day into the new weekHello traders and welcome back to my channel, as always don't forget to support my work with a like and comment, and follow me for more updates and markets templates! I always repeat it in every post I share, my analysis are not a forecast and/or prediction regarding where the market can go, I'm not interested in gambling, neither in knowing the direction of any market. My goal in trading is to extract money from it, I wouldn't care much about anything else. What I draw (lines, arrows) are not directional move, but the current setup I'm looking for, in the day, so do not be surprised if I go long on tomorrow :) Thanks for understanding and hope this can give more value to your analysis as well. Let's start! EURUSD may start an interesting process, we can see all the week breaking down potentially going to complete the 2 weeks pump and dump, or in the week itself, this market can setup for a weekly dump and pump, starting from Monday. For a better understanding let's analyse day by day to see the logic behind each possible move during the week. Starting from the last week we can see almost all the week trending higher, the first lower low into the LOD happened on Thursday, which is currently a potential anchor point for a pump and dump into this current bearish scenario! Monday, the opening range of the week pushed a little bit higher, breaking out and quickly dumping back down. Tuesday opening, the market kept going lower, breaking through the LOD (Monday low) going in consolidation till the end of the day, triggering breakout short traders and closing the day in breakout. Today, the market went lower and looks like still dumping with a great momentum. Now.. let's talk about the thesis. 1. Bearish: this market can easily stop the traders long form the last Thursday, considering a great bullish move from that level, eventually reversing during the upcoming days or keep going lower, who know, we may see this market completing 2 week pump and dump scenario, back into the previous weekly low. 2. Bullish: although today I'm not interested in counter trending this market, I don't exclude a potential dump and pump in the current week if the market will start consolidating around the previous Thursday low, not gonna happen today but we can see such a scenario by the end of the week. Remember, today FOMC, I don't think I would like to expose my capital in a such a dangerous volatile market! Entry criteria: As I said, currently I'm not interested in counter trending such a strong down move market, at least not today and not before news release. I can think about a scalp short if the market will retest at least the current high of session, consolidating around that level for 30 to 45min before to see a potential 25+ pip scalp in the session. However, during the upcoming days we can certainly see better opportunities, but I decided to share it, because EURUSD look pretty clean to me! Gianni
by GianniPichichero
11
EURUSD: First red day up high into the high of the weekHello everyone and welcome back to my profile. I don't typically share templates every day, because I'm trying to select best opportunities that can move fast during the further 1/2/3 days. Please do not forget to support my work with a like, and comment if you have similar or contrary opinions to understand as well your point of view. EURUSD is actually up high into the high of week, high of month, high of year, it's January and is the first month of the year, is the opening range of the year. There is a great chance to see a reversal market from the current level, if it's going to setup correctly. However, as I always say, I'm not here to predict any directional move, because I'm a professional trader and I don't do entertainment with trading, trying to gamble my money in useless predictions. What I'm always looking for, are setups, which they repeat over and over again. To understand better the logic behind my thesis, let's have a deeply look into the week.. The previous week, overall, the market has been trading long, higher high on Wednesday for a 3 days dump and pump into the week, I wouldn't counter trending such a strong market. Monday, opening range of the week, the market broke the previous weekly high and stayed in breakout. Other times frame traders and big players are involved. Tuesday the market pullback on the previous weekly high, eventually stopping out breakout traders long from that level, closing kinda as an inside day, which I consider part of the consolidation process up high. Wednesday, the market broke higher, breaking out the HOW, HOM, HOY, closing back inside the range and closing as a first red day, which typically it can be a short signal if setups correctly during the further days. Today, the market triggered short in, and overall is consolidating into the yesterday LOD. Thesis: My main view, currently, is pretty short, the lower low of today can a be a sign of weakness for this market, Trump speaking on schedule, market it may be very volatile today, that's why I decided to don't be involved in any market position. The news release can obviously dump the market quickly straight into the LOW, or we can have a retest of the HOW for a consolidation and dumping during the next week (last week of the month). If the market today breaks lower, tomorrow I will be looking for a sell high opportunity targeting the current LOW. What about a bullish thesis? Once again, I think that predicting is pretty silly and gives you 50/50 of chances to be right. What I'm describing is the possibility to identify a short setup in a market condition that can offer it. A long thesis, would be absolutely still valid.. why? Yesterday after the higher high in the daily, weekly and monthly level, the market dumped down into the low, and went in consolidation. I cannot exclude a 2/3 days dump and pump for a range expansion to the upside. That means that I would be willing to take a long setup if the long thesis builds up. I will be updating this post until I think the template will be valid. Gianni
Short
by GianniPichichero
2
EURUSD: First red day in a broken down marketHello everyone and welcome back to my channel, please do not forget to like and comment my work, it's very supporting for me! Let's start saying that I'm not here to predict the market, my view is only about the setup I'm looking, predicting is 50/50, trading specific setups can be a 90/10 opportunity. EURUSD is currently in a kind of template which I saw several times in the past, the is breaking down, sellers are controlling the market and potentially by Thursday and Friday we can see a weekly pump and dump completing. But let's analyse the full week to have a better understanding of the logic behind this potential move. The previous week the market has been breaking down every day, and Friday place the most recent high and burst into the low of week. Monday was pretty much consolidating into the LOW, not really something that can be interesting. Tuesday the market triggered breakout long traders and pumped back up into Friday HOD, stopping their short breakout. Wednesday, until CPI release, the market consolidated at the high of the week, eventually trapping volume up high. CPI stopped hunt trade who were shorting, closing the day back inside the initial balance (high low range of the week), and especially as first red day! What's my thesis? My main scenario is a short one, trying to complete the dump phase in a weekly pump and dump scenario. Obviously, not necessary we can see a strong move back into the low of week, but it can also stop and consolidate above the opening range high (HOD of Monday). How would I enter this market? USD news are scheduled on calendar at 8:30am NYT, I will be watching for a buy low setup after news release, specifically I will be looking for reversal pattern into the HOD. What about the long view? Of course, as I said, predicting a move is just silly, predicting is just like gambling, a long move obviously can happen and I can be willing to take it a session scalp if the market drop vertically down into the yesterday LOD, consolidating into the level till I will get any reversal configuration (Buy low opportunity). During the upcoming hours I will be updating this post! Trade safe! Gianni
Short
by GianniPichichero
12
GOLD: Day 3 breakout traders long up high, NFP day!Hello everyone and welcome back to my channel, please don't forget to support my hard work, and feel free to share your observations if you have any, sharing is the key of improvement! Gold, since the beginning of the week is creeping breaking higher, potentially trapping volume up high for a great, amazing sell off by the end of the day, completing the weekly pump and dump scenario. To understand better the logic behind this forecast, let's analyse the week and remember two very important things! 1. I'm not trying to predict the market, my observation is not regarding any direction move, but I'm underlining the SETUP I'm looking for, more probable and profitable for the day. 2. I would never take any trade before NFP release! Let's see deeply the week: Monday, opening range of the week, established the high low of week, placing a peak formation high and a peak formation low. Tuesday, eventually broke higher and dumped back down into Monday's high, consolidating just above that level, typical of trend trade template. Wednesday a long setup went through the high of week (HOW) and as well broke higher the previous HOW, the trend trade setup was identified as a dump and pump in the day itself. The day closed back inside the daily range, and a peak formation high was in place. Thursday, the market pumped again into the HOW, breaking higher and triggering for the third time breakout traders long in the market, closing the day out of balance (out of the previous weekly boundary). Today, Friday, the market retested again the HOW, essentially is still in breakout and still trending higher, but this kind of behaviour, where the price action is mostly "creepy" and not really strong trending, is very similar to past scenarios already happened where NFP cleaned all the traders long which they didn't take profit or still holding hoping for more profit. How can you take advantage of this? I want to see the market consolidating up high till the NFP release at 8:30am NYT, looking for a sell high opportunity. If not, because the market can be really volatile during this day, after the news I can be looking for a short continuation. What about a long thesis? Can the market keep going higher? The answer is, absolutely yes, the market can explode in the long direction, forecasting is just the same as gambling. So, the real question is, which setup do you have and which setup are you hunting!? In the next update, I will share the potential 2 setups for the day Gianni
PEPPERSTONE:XAUUSDShort
by GianniPichichero
26
GOLD: Dump and pump from last Friday?Hello traders and welcome back to my channel, please support my analysis if you find it helpful for yourself and don't forget to miss out further charts, suggestions, observations and updates! Gold looks like potentially going to complete a dump and pump started on Friday, but to understand better the logic behind this template, let's analyse the full week! The previous Monday and Tuesday established the high low of the week, in fact Monday is the opening range into the new week and Tuesday the initial balance. Wednesday, the market broke out, triggering long breakout traders in the market, closing out of balance (long traders are now potentially driving this move) Thursday, from Asia session I could see a strong bearish move joining the market, closing the week out of the opening range and as well as a first red day, which is a potential short signal if a sell high opportunity is identified. Monday, during the Asia session I saw a great short setup going to pulling back into the previous opening range high, retesting the same area in NY session and triggering as well short breakout traders in the market. Note and focus on NY session, it placed a strong swing high and swing low which creates our box where money are above and below that boundary. Today, the market consolidated inside this box, breaking higher just before the beginning of NY session. What's my thesis? Obviously I never predict the market but I let it to setup first, however my main thesis is currently LONG, because it can be a clear weekly template of breakout/pullback/continuation above the previous Monday's high, which is a template that I saw many times during the past months! To take advantage of this template, I would like to see a market dumping down at least into the London low, consolidating till news release at 10am NYT for a buy low opportunity, back to the previous HOW. Regarding the short, do not forget that Friday was a first reda day, yesterday it placed as well a lower low and it could preparing for a further move down if the market today will place and locked a HOD, consolidation for a session scalp pump and dump. Before news release, I will be updating this chart! Gianni
PEPPERSTONE:XAUUSDLong
by GianniPichichero
13