30 Jun 20230630 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

D1 Inside Bar with­in D1 Supply

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 QHi reject­ed, price trad­ing mid swing at H4 VWAP in UT

Pos­si­ble H4 Phase 1 / 3

H4 three inside down giv­ing 2.07822 with­in val­ue at PPOC

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue cre­at­ed below the previous

LN Open

0.26 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia formed a Neu­tral Day but most­ly trad­ed lower

Price test­ed VAL and 2.07822 dur­ing IB

0.55xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Val­ue Acceptance

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Long

Rever­sal

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

3

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