EURUSD: First green day, Day 3, last trading day 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 ✅ day 3 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, potential weekly dump and pump can be completed on today, signal day, yesterday the market placed a higher high on the HOD, start dumping down. I will be looking for a 3 session setup after the MRN release 8:30am NYT
Short: secondly, Wednesday placed a lower low into the LOW, starting pumping up, I cannot exclude a trend continuation down as a breakout pullback continuation, however, at the moment not my best 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
