13 Jun 20230613 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #VWAP #Kelt­ner #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 24 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price trad­ing with­in body duck­ing just below MN QHi. 

W1 price trading:

Below Body — With­in Range — With­in QHi — Wide Q 

Nar­ra­tive

• D1
  • D1 Evening Star at MN Sup­ply fol­lowed by a DBD clos­ing deep with­in D1-C‑D 2.04773 HiDC almost tak­ing out D1 Demand End 2.03931
• H4
  • Big H4 Bull Engulf giv­ing H4-C‑D 2.04292 below H4 LKC in R
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Val­ue cre­at­ed below the pre­vi­ous although still with­in over­all range
• LN Open
  • 0.00 x ASR- With­in Value
  • Prev. Day Exceed­ed ADR by 1.11
  • Asia trad­ed higher
  • 0.57xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Short
  • Weak­ness From With­in IBR

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

• 2

Mind­ful Trad­ing (1–5 Bad to Good)

• 3

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram