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USDJPY: First red day, Wedsnday day 3

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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: n/a, currently I'm not interested in the long scenario.
Short: potential three days pump and dump template, first red day signal is potentially setting up for a sell high opportunity. No news on calendar, any setup can be presented since the beginning of NY session at 8am NYT. Is DAY 3, this market can go even lower through the LOW

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