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GBPUSD: Day 3 breakout traders short, first green day

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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 ✅ 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, three days dump and pump starting from monday, day 3 shorts and first green are a potential bullish signal. This morning the market broke higher, started quickly dumping back into the yesterday closing price, eventually consolidating during the whole London session. After the news I will be looking for a buy low on the CP or current LOD, targeting the HOW
Short: secondary, yesterday NY session placed a lower low into the LOW, before starting pumping back up. I cannot exclude the market going back to retest or break the LOW. I would be interested in this scenario if the price comes back into the current HOD, locking it for a reversal 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