28 Jun 20230628 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 above body

Trad­ing at MN UKC in R

Pos­si­ble devel­op­ing base / Hammer

Price trad­ing with­in Wide MN QHi

W1 price trading:

Price closed with­in W1 Sup­ply now trad­ing above body and range, with­in Wide W1 QHi

Price retraced to W1 Base level

Nar­ra­tive

D1

Pos­si­ble D1 Phase 1

D1 Bull Engulf at D1 VWAP in UT

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 closed above pre­vi­ous struc­ture high tak­ing out old H4 sup­ply clos­ing deep­er with­in D1 Supply

Trend

Trend is UP 3/3

Mar­ket Profile

2 over­lap­ping values

LN Open

1.80 x ASR- Above Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day ‘Exceed­ed’ ADR by 1.00

Asia trad­ed high­er exhaust­ing ADR, pos­si­ble uni­di­rec­tion­al day

0.32xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Sus­tained Auc­tion — Pre­ferred Late-Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Failed Auc­tion

Hypo 4

Long

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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