15 Jun 20230615 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

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 Bear­ish Inside Bar with longer buy­ing wick, pos­si­ble con­sol­i­da­tion at D1 VWAP in UT
  • Price trad­ing with­in Wide D1/W1 QHi
• H4
  • BIg H4 Bull Engulf giv­ing H4-C‑D 2.03814 at ADR Exhaus­tion with fol­low-through higher
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • 3 over­lap­ping values
• LN Open
  • 0.00 x ASR- With­in Value
  • Asia formed a Neu­tral Day
  • Prev. Day Exceed­ed ADR by 1.31
  • 0.39xASR IBR

Addi­tion­al Notes

• ECB Inter­est Rate Deci­sion later

Hypos

• Hypo 1
  • Short
  • Rever­sal — Pos­si­ble Failed Auc­tion — pos­si­ble 3‑I Day
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Auc­tion Fade as part of 3‑I day
• Hypo 4
  • Short
  • Auc­tion Fade

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