USDCAD: Day 3 cycle, First Red DayHi 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