21 Jun 20230621 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 25 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 above body and ducked back with­in range at MN UKC in R

W1 price trading:

Trad­ing above body, out­side range, with­in W1 Sup­ply hav­ing made a HH

Trad­ing with­in Wide W1 QHi

Nar­ra­tive

D1

Price closed above pre­vi­ous struc­ture high just slight­ly with­in D1 Supply

Price trad­ing with­in Wide W1/D1 QHi

H4

H4 Bull Engulf giv­ing H4-C‑D 2.06308 HiDC tak­ing out H4 QHi & OLD H4 Supply

Trad­ing at H4 VWAp in UT

Trend

Trend is UP 3/3

Mar­ket Profile

2 over­lap­ping val­ues after UT, some slowdown

LN Open

0.55 x ASR- Above Val­ue — Out­side Range, at yesterday’s high

Mod­er­ate to Large Imbalance

Asia trad­ed lower

0.96xASR Wide IBR

A closed with­in Val­ue, B full rotation

Addi­tion­al Notes

N.A.

Hypo 1

Long

Failed Auc­tion

Hypo 2

Short

Weak­ness From With­in IBR

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Long

Auc­tion Fade — risky after full rotation

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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