27 Jun 20230627 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

Price retraced to W1 Base level

Nar­ra­tive

D1

Pos­si­ble D1 Phase 1 / 3

Price trad­ing with­in Wide D1/W1 QHi

Price closed low­er from D1 Supply

H4

H4 QHi reject­ed giv­ing H4-C‑S 2.06444 price trad­ing mid swing

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue below the pre­vi­ous, with­in over­all range

LN Open

With­in Value

Prev. Day Exceed­ed ADR by 1.04

Asia formed a Neu­tral Day but trad­ed lower

0.26xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Late-Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Short

Auc­tion Fade

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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