GBPCAD: First red day, Tuesday day 2

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 ✅ day 3 cycle
  
• 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: not interested, although there is volume trap below yesterday closing price, so potentially a dump and pump of Mon and Tue, the 3 session setup is not part of my entry criteria for a long setup.
  
• Short: primary, first red day when setup correctly is a good potential sell high opportunity. Short are in the market and Tue placed a lower low into the current LOW. Tue usually expands the range but this is not the perfect scenario.
  However, if until 10am MRN release, if the market will place a current HOD, locking it, I will be willing to take a short setup.
  

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