26 Jun 20230626 Premarket Prep GBPNZD

⇧ Detailed plan with HYPOS out­lined with­in link ⇧

#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 26 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 now trad­ing with­in body

Trad­ing at MN UKC in R

Pos­si­ble devel­op­ing base

Price trad­ing with­in Wide MN QHi

W1 price trading:

Price closed with­in W1 Sup­ply now trad­ing with­in body, with­in Wide W1 QHi

Nar­ra­tive

D1

D1 Three Out­side Up fail­ing to close with­in D1 Supply

Price retraced to D1-C‑D 2.06226 Momen­tum HiDC

D1-C‑S 2.06910 with­in val­ue at VAL

Trad­ing with­in Wide D1/W1 QHi

H4

D1-C‑D 2.06226 Momen­tum HiDC at H4 Base, pos­si­ble con­tin­ued move down to orig­i­nat­ing lev­el of H4-C‑D 2.05681

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue cre­at­ed above the previous

LN Open

Open With­in Value

Asia formed a Neu­tral Day and trad­ed low­er but returned

Prev. Day Exceed­ed ADR by 1.49

H4 Bull Engulf formed in Premarket

0.23xASR Tight IBR

Addi­tion­al Notes

N.A. 

Hypo 1

Long

Failed Auc­tion

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Short

Auc­tion Fade

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

1

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