Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “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: primary, potential signal of reversal, day 3 short traders in the market, closed yesterday out of balance (out of previous daily level). I would be interested in a long position if the market will hold the consolidation till indexes opening at 9:30am NY time.
Short: secondary, when a market is out of balance can stays out of balance, it can still blowing down in the direction of the main trend. Why Im not interested at the moment? because I let the 3 session setup to drive my main thesis, and at the moment the setup is long.
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
Nice 3 session dump and pump, I was personally focusing on USDCAD. Well done for traders who took this trade!
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