USDCHF: Inside day, first green day, THU day 2

29 ago

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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 3 days dump and pump, signals are pretty bullish, I will be looking for a potential entry after news release, targeting the HOW
  
• Short: secondary, I do not exclude a short setup, overall USDCHF is still in a down trend, Lower low into the current LOW, if setups correctly I could short this trade for a major move down. Let the setup to drive the move, do not predict it.
  

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

29 ago

Nota

Dump and pump completed after the news!