EURUSD: First red day

16 de ago.

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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 ✅
  

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 de ago.

Nota

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