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GBPUSD: Day 3 breakout traders long in the market

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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: primary, today is Tuesday day 2, typically the market expands the range, Asia place a higher high and dumped down, starting consolidating, there a possibility to see a high low range extension for 100% at leat of the range.
Short: secondary, price anyway is at the current HOW, it could give a short scalp HOW to LOW if setup correctly

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

註釋

10:00am MRN CB Consumer Confidence
10:01am go on with a trade setup if presented

註釋

The market should dump down into the LOD or CP and consolidate for this setup to be still valid

註釋

100% high low range reached, however, once again, US news at 10am, no trade position has been taken yet

註釋

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 ✅ Day 2 cycle
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: secondary, breakout pullback continuation on the previous HOW level. I wouldn't exclude a long setup if a buy low is presented.
Short: primary, FRD signal, space still till the LOW, long traders still in profit, weekly pump and dump can be completed.

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

註釋

I would be interested in shorting this market if the price keep consolidating at the current level HOD till the beginning of NY session

註釋

Position placed on break even, scalping 25 pip till the LOW, pump and dump scenario

註釋

9:30am equity opening, I will close the full position or half, if price doesn't drop quickly. LOD almost reached, creeping, not really parabolic, let's see how price behave!

註釋