USDJPY: First green day, 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
  • 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, potential weekly dump and pump, the market yesterday failed the LOW breakout, triggering long OTF traders and closing as a FGD, which typically is a template for a long setup, if identified. Between today and tomorrow we can see this template completed.
  • Short: secondary, not really interested in this scenario, however, I do not exclude a retest of the LOW, which it can be a scalping HOD to LOD, but I won't be interested in this 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

บันทึกช่วยจำ
Weekly dump and pump completed
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Beyond Technical AnalysisChart Patternsday2dumpandpumpfirstgreendayForexgiannipichicheropumpanddumpstaceyburkeTrend AnalysisUSDJPY

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