16 Jun 20230616 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 made a HH but is trad­ing with­in body, with­in MN QHi

W1 price trading:

Price trad­ing below body with­in range after hav­ing made a LL

Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

D1

D1 RBR at D1 VWAP in UT giv­ing D1-C‑D 2.04827 BASE

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 QLo reject­ed, price trad­ing mid swing at OLD H4 sup­ply coin­cid­ing with D1 Sup­ply Base level

H4 RBR mid swing

Trend

Trend is UP 2/3

Mar­ket Profile

4‑day brack­et­ing range

LN Open

0.11 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

Asia trad­ed low­er but formed a Neu­tral Day

Prev. Day Exceed­ed ADR by 1.02

0.33xASR IBR

Price already extend­ed above and failed the auction

Addi­tion­al Notes

N.A.

Hypos

Hypo 1

Short

Val­ue Acceptance

Hypo 2

Long

Rever­sal at VAH although risky so will for­ward-test the narrative

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

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