Get started

Giannipichichero

GBPUSD: First green dayHi 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 ✅ No cycle confirmed 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, possibility to see this scenario of dump and pump to be completed by the end of the day, short traders are still in profit since Tuesday. I will be looking for a buy setup after the news release. Short: secondary, yesterday, after the LOW breakout, the market proceeded pumping back up, I do not exclude a retest into the LOW if a sell high opportunity will be identified, however, it will be my secondary option. 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
Long
by GianniPichichero
4
GOLD: First green day, end of the monthHi 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 ✅ no cycle started yet 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, after the market closed as first green day, it went in consolidation, this let me think about a potential major move happening today, remembering that is also end of the month. Short traders in profit since Tuesday, a long setup back to the HOW is my best scenario of the day. Short: secondary, lower low into the LOW, market pumped back up before starting a consolidation. I do not exclude a potential pump and dump scenario, going back down into the current LOW. 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
PEPPERSTONE:XAUUSDLong
by GianniPichichero
2
NAS100: First red day on the backside moveHi 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 ✅ Day 3 cycle 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: N/A I'm not interested in any long setup, neither counter trending the backside on Thursday Short: primary, market on the backside move, dumping down with nice bearish momentum. Lower low placed into the LOW, looking for a sell high opportunity at 9:30am NYO or 10:01am after major red news release. 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
PEPPERSTONE:NAS100Short
by GianniPichichero
11
OIL: First red day on the backside moveHi 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 ✅ Day 2 cycle 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, I could see Wednesday as a dump day pulling back above the opening range high, for a long trade back to the high of week, however, considering the market on the backside move, I will be willing to put more size into the short scenario. Short: primary, first red day, market on backside, Monday to Wednesday pump, by tomorrow Oil can definitely have a good chance to reach the LOW 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
PEPPERSTONE:SPOTCRUDEShort
by GianniPichichero
4
USDCAD: Day 3 cycle, First Red DayHi 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 ✅ Day 3 cycle 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: secondary, after the dump of Friday, the market can consolidating down low into the current LOD, going to stop short trader in profit from previous HOW Short: primary, Monday to Friday possibly built order flow for a potential quick short move into the LOW, where trader long bought for a whole week 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
Short
by GianniPichichero
19
GBPJPY: Day 3 longs breakout traders in the marketHi 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 ✅ Day 1 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, considering this market still (at the moment) on the frontside move, it could keep going higher if price drop at least on the LOD; Short: primary, CP to LOD can be an interesting scalping opportunity if the market keep consolidating around the CP level. 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
Short
by GianniPichichero
6
GBPUSD: Day 3 breakout traders long in the marketHi 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, 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
Long
by GianniPichichero
5
OIL: First green dayHi 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 ✅ day 2 cycle 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: This market could coiling for an explosive move back to the previous HOW, where short traders are still in profit Short: I do not exclude the secondary scenario of pump and dump starting from Friday, eventually evolving during the further days 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
PEPPERSTONE:SPOTCRUDELong
by GianniPichichero
10
GOLD: Three day cycle, market out of balanceHi 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 ✅ Three day 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, 3 session setup Asia, London dump and NY pump back into the HOD/current HOW, not the best template for the day, but I shared it because is still part of my process, no signals Short: N/A at the moment 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
PEPPERSTONE:XAUUSDLong
by GianniPichichero
4
EURUSD: Inside day, First green dayHi 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 ✅ day 3 cycle 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: Possibility for the market going up stopping traders short from previous HOW, for a buy low setup LOD to HOW Short: NA 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
Long
by GianniPichichero
9
EURCAD: Three days cycleHi 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 ✅ Three days 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: N/A Short: Possibility to see this market going to stop the previous LOW, long traders are still in profit and most of their SL are mostly below that level. 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
Short
by GianniPichichero
4
NAS100: Inside DayHi 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 ✅ Day 3 cycle 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 ✅ (possible variation of FGD considering Thursday as a dump day) 3 Days Long Breakout 3 Days Short Breakout Inside Day ✅ 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside ✅ Backside 4. THESIS: Long: primary, taking in consideration the Thursday dump, there are high chances to too this market going to stop the trader short from HOW. Short: secondly the previous LOW hasn't been completely stopped yet, the market can trap volume to retest that level, however, I'm pretty neutral with the bias, giving a little bit of more priority to the FGD (because is the most recent price action) 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
PEPPERSTONE:NAS100Long
by GianniPichichero
4
OIL: DAY 3 SHORTS in the marketHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Since the previous week, we can see how this market potentially could complete the big template of pump and dump, scenario still possible if setup correctly. OIL market triggered shorts breakout traders in, typical a signal of potential strong move. DAILY TEMPLATE (15min chart): Asia session broke down into the LOW, reversing sharply in London session (pump). Currently this market is not in an interesting level to buy or sell. THESIS : Short: considering the weekly pump and dump not completed yet, I can see this market going lower, stopping all the traders long since the last week. Long: however, day 3 shorts in the market, in the new weekly cycle, can be a good reversal signal, going to stop traders short from Monday. SETUP : Short: price pumping up back to the previous HOD, consolidating for 30/45 min and dump (after the news release) Long: Market dropping down at least into the previous CP, or LOD/LOW, consolidating for a pump (this scenario is mostly likely happing on tomorrow, which is closing range of the week) 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
PEPPERSTONE:SPOTCRUDE
by GianniPichichero
6
GOLD: Three days short traders in the marketHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Two weeks of pump and dump template has been completed, gold spent the last 3 days into the backside move, triggering short breakout traders in the market, price at the low of the week can offer some opportunity of scalp in the day, or starting consolidating for further major move during the upcoming week. DAILY TEMPLATE (15min chart): Low of the week and other time frames are in the market, Asia and London session pumped the price up and currently consolidating, although not really a level which I'm interested. THESIS : Price placed a lower low before pumping up, this can be a scenario of "low hanging fruit" scalping short back into the traders long from LOW, 75+ pip of space, enough to take a good trade. The long scenario, even if curious and interesting , it's most likely to happen during the upcoming week, however it could setup for a long setup LOD to HOD. SETUP : Short: price locking the current HOD, consolidating till 10am for a dump into the LOW Long: price dumping down into the LOW/LOD/CP, consolidation will 10am for a pump up back into the current HOD. if none of these setup will present to the chart, I wouldn't be interested in any other trade 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
PEPPERSTONE:XAUUSD
by GianniPichichero
4
EURUSD: DAY 3 SHORTS in the marketHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Since Monday this market has been trending down, triggering shorts breakout traders in the market for three days in a row, potential signal of reverse considering the price at the low of the week DAILY TEMPLATE (15min chart): Price after asian session printed high low of the day, it pinned down into the LOW and pumped up. THESIS : Major red news on calendar, no trade before 9:45am NYT Long: considering 3 days of order flow trapped lower and lower, money and stops are placed above the HOW, this could complete a weekly dump and pump template by tomorrow. Short: I can't exclude that this market is still breaking down and keep going lower considering, however, the market still in the backside of the move. SETUP : Long: dump into the previous closing price (CP), consolidation for 30/45 min and pump back to the HOW, or eventually first bar entry after news release If a green strong momentum bar is presented with news. Short: Pump into Monday low (opening range), or previous HOD, consolidation for a dump back into the current LOD/LOW. If none of this scenario will present, I wouldn't consider any other trade setup variations. 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
by GianniPichichero
1
OIL: Monday closed as First Red Day 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Yesterday, Monday, the market broke through the previous HOW and failed, closing the day as a first red day. Since the last Wednesday the market pumped up and now look like starting the backside move of a big template of pump and dump DAILY TEMPLATE (15min chart): Asia and London session mostly dumped all the day, breaking the current low of the week THESIS : In the short scenario this market can go fo a range expansion, targeting the previous LOW, it would be my main trading opportunity. In the long scenario, considering money on top at the HOW, I would be targeting the yesterday CP(HOD) or current HOW if strong momentum is presented. SETUP : Short: pump at least into previous LOD(LOW) Long: Low in place, consolidation for 30/45 min and second/third hour NY session reversal 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
PEPPERSTONE:SPOTCRUDE
by GianniPichichero
10
USDJPY: Day 3 breakout traders triggered in the marketHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Market currently rising up on the backside move, potentially going to complete the big template of dump and pump started the last Wednesday. Day 3 breakout long traders triggered in the market, closing yesterday out of balance. DAILY TEMPLATE (15min chart): After Asian pushed higher, breaking out the current HOW, the market dumped down and currently in consolidation around closing price/previous HOD. CPI on calendar for 8:30am NTY, things can drastically change with this high impact news release. THESIS : This market placing higher highs it may be preparing for a major move, stopping short traders from previous HOW. SETUP : Long (primary): market already broke higher and dumped into previous level of interest, if it keep consolidating till news release, I will be happy to long (first bar after the news or first bounce if identified) Short: no LOD triggered, if market pumped up into HOW, it could give a scalp short, not really in my interest of the day. 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
by GianniPichichero
3
S&P500: First Red Day, FRIDAY DAY 3Hi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Tuesday, Wednesday and Thursday the market bring traders up high, triggering long breakout for three days is a row, breaking higher and failing the weekly level on Thursday, day which closed as well as a first red day. DAILY TEMPLATE (15min chart): The market today slightly trigger other time frames in the market, consolidating both the session of Asia and London above CP and previous LOD. THESIS : Wait for equity NYO at 9:30, possibility to the big pump and dump to be completed by the next few days if the backside move will start. Trader in profit also above HOW, I will not exclude scalp long if a setup is presented SETUP : Short: LL LOD, pump and dump into yesterday LOD Long: dump into CP/LOD for a pump back to previous HOD HERE BELOW, SIMILAR TEMPLATE FOR THE DAY" NAS100 US2000 US30 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
PEPPERSTONE:US500
by GianniPichichero
EURUSD: Dropping in the backside move, First Red DayHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Monday to Wednesday the market has been pumping on the frontside, triggering breakout long traders for three days in a row. Thursday, the market pushed higher and failed the weekly breakout, closing as well as a first red day. DAILY TEMPLATE (15min chart): The market today triggered other time frames short in the market, currently out of balance. THESIS : This is a typical scenario of weekly template pump and dump, however no major red news on the calendar, so I won't expected such a big short move today. Long traders are in huge profit, majority of the stops are below the LOW. SETUP : Short: Pump into previous LOD/CP and dump with size Long: not interested SIMILAR TEMPLATE FOR THE DAY: GBPUSD GOLD However, both of them are still inside the previous high low range, at the moment the best template is EURUSD 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
Short
by GianniPichichero
US30: Day 3, coiling underneath yesterday HODHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Monday day 1 broke higher the previous HOW, failing the breakout, dumping down and closing as a first red red day. Tuesday day 2, the market consolidated almost all the day at the current LOW placed by the Monday high low, performing a nice pump at the end of the day. Today Wednesday day 3, the market is in consolidation above the yesterday closing price and previous HOD, a particular situation that often lead to an explosive move. However, indexes open at 9:30 NYT and CPI red news on calendar at 8:30am. DAILY TEMPLATE (15min chart): Both Asia and London session consolidated between the CP and HOD, nothing really happened yet. THESIS : As always, I do not predict any market direction, because predicting/guessing is just a 50:50 method. However, for a long thesis I would target the previous HOW considering the 3 days dump and pump scenario, but I wouldn't exclude a bigger short scenario back at least to the LOW or breakout traders of Thursday. SETUP : Long: consolidation at CP till news release or NYO 9:30am Short: lower low in place, pump into CP for a dump, eventually also pump into previous HOD for a short setup. 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
PEPPERSTONE:US30
by GianniPichichero
GOLD: First red day!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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): The last Thursday and Friday we saw gold performing a good pump, failing the breakout on Monday, triggering short breakout traders in the market and closing out of balance and as a first red day. Remember that a market out of balance can stay out of balance and expanding itself indefinitely! DAILY TEMPLATE (15min chart): The market is still inside the previous high low range, although we have shorts in the market, no OTF have been triggered yet, but news will definitely change many things. THESIS : I have either a long and short thesis for gold today, depending on the setup we are gonna get: 1. Short thesis: FRD signal, if the market pumps up till Friday closing price or previous HOD, consolidating at that level, I will be looking for a short trade, potentially even back to the previous LOW. 2. Long thesis: noting that since Friday the market has been dumping and consolidating around the current LOW, I could be looking for a scalping long if price dumps into the yesterday closing price. SETUP : Short: pump into Friday CP or previous HOD Long: dump into yesterday CP or yesterday 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
PEPPERSTONE:XAUUSD
by GianniPichichero
GBPUSD: Coiling for a potential major moveHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Since the beginning of the previous, the market dumped down for three days, failing a low of week level on Thursday, confirming the failed breakout during the day itself, triggering long traders breakout and closing the day out of balance. Friday the market mostly consolidated, not big move happened and today, Monday and opening range of the week, I can see an interesting coiling above the Friday closing price. We are on the backside of the movement, a long view could be a really lucrative opportunity. DAILY TEMPLATE (15min chart): In the day itself, the market did not move much, but it triggered the previous HOD, other time frames are in the market. THESIS : Accordingly with my backtest and experience, this market can setup for a long trade back to the previous HOW (money are there and short traders are still in profit). However, in the scenario of a short setup, it could be a little scalp. Major red news on calendar tomorrow, no big move expected today! SETUP : Dump and pump at least above previous HOD or CP (closing price) 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
Long
by GianniPichichero