20230614 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #VWAP #Kelt­ner #Forex #Mar­ket­Pro­file #Order­flow

⇧ More info with­in link ⇧

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

See more

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
  • Pos­si­ble D1 Phase 1 / 3
  • D1 Bull­ish Inside Bar at D1 VWAP/UKC in UT after buy­ing wick took out D1 Demand HiDC
  • Sell­ing wick hav­ing test­ed D1-C‑S 2.05108 BASE
  • Price trad­ing with­in Wide D1/W1 QHi
• H4
  • H4 Bear­ish Inside Bar at H4 VWAP in R (trad­ing with­in low­er half) with no con­fi­dent continuation
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • 2 over­lap­ping val­ues with­in over­all range
• LN Open
  • 0.46 x ASR- Above Val­ue — Out­side Range
  • Mod­er­ate to Large Imbalance
  • Prev. Day trad­ed 0.98xADR, pos­si­ble momentum
  • Asia trad­ed high­er but formed a Neu­tral Day
  • 0.55xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Rever­sal — Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Val­ue Acceptance
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Long
  • Late-Sus­tained Auction

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