EURUSD: First green day, Day 3, last trading day of the month

Atualizado
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“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 ✅ day 3 cycle


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, potential weekly dump and pump can be completed on today, signal day, yesterday the market placed a higher high on the HOD, start dumping down. I will be looking for a 3 session setup after the MRN release 8:30am NYT
  • Short: secondly, Wednesday placed a lower low into the LOW, starting pumping up, I cannot exclude a trend continuation down as a breakout pullback continuation, however, at the moment not my best setup.


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

Nota
The market stayed inside the all day, not really the best way to enter it. Session almost done, GOLD, yen pairs gave better setups!
Nota
weekly template dump and pump completed
Beyond Technical AnalysisChart PatternsdumpandpumpEURUSDfirstgreendayForexgiannipichicherolastdayofthemonthpumpanddumpstaceyburketradingTrend Analysis

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