06 Jun 20230606 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #Forex #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for GBPNZD. This prep builds off of my week­ly trade plan I made here:

GBPNZD 2023 Week 23 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

MN price trading:

With­in Body — With­in QHi — Wide Q 

W1 price trading:

With­in Body — With­in QHi — Wide Q 

Nar­ra­tive

• D1
  • D1 Bear­ish Inside Bar with slight­ly longer buy­ing wick pos­si­ble consolidation
  • Price with­in WIde D1/W1 QHi
  • Price test­ed D1-C‑D 2.04154 BASE
• H4
  • H4 VWAP in UT BD giv­ing H4-C‑S 2.05171 (just above ADR exhaustion)
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Val­ues in DT
• LN Open
  • 0.38 x ASR- Below Val­ue — With­in Range
  • Mod­er­ate Imbalance
  • Prev. Day Exceed­ed ADR by 1.04
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 0.33xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Sus­tained Auc­tion pre­ferred Late-Sus­tained Auction
• Hypo 2
  • Long
  • Failed Auc­tion
• Hypo 3
  • Long
  • Auc­tion Fade
• Hypo 4
  • Long
  • Val­ue Accep­tance pos­si­bly late into the ses­sion perhaps

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 1

Mind­ful Trad­ing (1–5 Bad to Good)

• 3

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram