29 Jun 20230629 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, with­in range after hav­ing made a HH

With­in Wide W1 QHi

Price retraced to W1 Base level

Nar­ra­tive

D1

Price closed high­er with­in D1 Supply

Trad­ing With­in Wide D1/W1 QHi

H4

H4 Evening Star fol­lowed by some con­sol­i­da­tion still trad­ing above H4 VWAP in UT

H4 QHi reject­ed, price trad­ing mid swing form­ing a pos­si­ble DBD

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue cre­at­ed above the previous

LN Open

0.23 x ASR- Below Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR by 1.44

Asia trad­ed lower

0.27xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Val­ue Acceptance

Hypo 3

Short

Sus­tained Auction

Hypo 4

Long

Failed Auc­tion

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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