GBPUSD: First green day, inside day, Tuesday day 2 for PEPPERSTONE:GBPUSD by GianniPichichero

GBPUSD: First green day, inside day, Tuesday day 2

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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 ✅ day 3 cycle
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, potentially a weekly dump and pump scenario if a buy setup will present. Tomorrow is US bank holiday, I don't expect this market to make a large move, also because is still in consolidation.
Short: secondary, the inside day can also be a setup for a reversal trade, however, at the moment looks like the market placed a higher high at Monday HOD and started dumping for a pump.

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

Note

I would like to see a higher high on the inside, before taking in consideration the long here

Note

HH on the inside ..

Note

3 sessions setup dump and pump completed!

GianniPichichero

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