EURUSD: Inside day, First green day

מעודכן
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“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

הערה
Today is US bank holiday, I would not be trading, intraday chart and setup will be updated on tomorrow Tuesday 28th of May, have a lovely day traders!
הערה
תמונת-בזק

EURUSD still has some potential to reach the previous HOW, considering short traders still in profit. However, not my best template for the day because at the moment the space left is only of 17pip, low risk reward for potential buy low opportunity.

What about a reversal once at the HOW? The market in my opinion is still on the frontside, I wouldn't short and countertrend it for a little short scalp.
הערה
תמונת-בזק

Weekly dump and pump template completed, no setup identified for EURUSD, I will be focusing on other pairs today ✅
הערה
תמונת-בזק

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:
  • Short:


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
הערה
תמונת-בזק

Lower low into the LOW, could be the beginning of a pump and dump scenario, I would be interested only if the market start consolidating around the HOD , locking the current high.

However, both the long and short thesis are still valid.

Long: secondary, high low of the week has ben placed, the low can hold for a reversal trade.
Short: primary, big template of pump and dump can be completed by the end of the day.
Beyond Technical AnalysisChart Patternsday3cycledumpandpumpEURUSDgiannipichicheroopeningrangepumpanddumpstaceyburketradingTrend Analysis

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