USDJPY: Inside day, first green day, three days cycle

6月3日

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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: primary, possibility to see the weekly template dump and pump completed, signals in place, I would be looking for a buy low after 10am, going back to the HOD/HOW
  
• Short: secondary, inside day can give 2 types of setup, trend continuation of reversal. Right now the market placed a lower low, so I don't exclude the market going to stop the trader long, with most of their stops below the Friday 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

6月3日

ノート

Daily overview:


I will be waiting to see when the LOD will be potentially locked

6月3日

ノート

The market broke lower, without consolidating at the LOD, no long setup here