OIL: Day 3 breakout trades long in the market, NFP week!

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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 ✅ no daily 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, day 3 long in the market, OIL looks like coiling for an explosive move. After NFP I will looking for a buy low dump and pump back either the HOW, or the breakout NY session of monday (see the green line)
  
• Short: secondary, not really interested in short this market, unless a scalp third hour NY session HOD to LOD
  

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

Comentário:

The market is already push higher, at the moment, my first buy low of interested is the previous HOD/CP