USDCAD: Day 3 cycle, First Red Day

27 Mei

Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“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: secondary, after the dump of Friday, the market can consolidating down low into the current LOD, going to stop short trader in profit from previous HOW
  
• Short: primary, Monday to Friday possibly built order flow for a potential quick short move into the LOW, where trader long bought for a whole week
  

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

27 Mei

Nota

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!

28 Mei

Nota

Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“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: N/A
  
• Short: Market placed a lower low, pumping back up into the yesterday LOD (current LOW). Right now looks is consolidating, probably preparing for a potential lower move, completing the weekly pump and dump scenario. Do not forget that traders long are still in profit since the last week!
  

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

28 Mei

Nota

The market at the moment is preparing the setup, hopefully it will hold till 10am NYT. A consolidation at the current level for a potential dump is my only option to take this trade today.

28 Mei

Nota

Price action pretty choppy, I dont recognise any kind of setup, chance are very low to catch a move on here at the moment

28 Mei

Nota

No setup identified on USDCAD today

29 Mei

Nota

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: primary, although Asia already pushed into the HOW, potentially giving the setup of FGD, the higher high followed by a dump could be the potential anchor point for trend continuation, if market dump back into previous level (CP,LOD ..)
  
• Short: secondary, market at HOW, other time frames involve potentially in the next move, I do not exclude a bearish move back into LOW or previous LOW (do no forget "where are the money??"
  

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 Mei

Nota

Short scenario


Long scenario

29 Mei

Nota

Price currently working the high (look at the short scenario)

30 Mei

Nota

Dump and pump almost completed, read the last thesis for a better understanding :)