GBPUSD: First green day

31 mag

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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 ✅ 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

31 mag

Nota

Beginning of the session I will update the Daily overview, however, not trade will be taken before 8:30am NY time, thank you traders!

31 mag

Nota

Daily overview


Interesting potential dump and pump 3 session setup

31 mag

Nota

5 min after major red news, again. dump and pump scenario 3 session setup, however, it's just a demonstrative setup, I did not take it because the SL was bigger than 15pip (my max size), and price already close to the HOD. I prefer buying the low, as lower as I can :)
Let's keep watching for 9:30am NYO

31 mag

Nota

Market still slightly pushing higher, however, the session is almost finished, no trade opportunity identified after the second hour.