20230704 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 27 Trad­ing Plan

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The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

MN price trading:

Last month closed slight­ly high­er as a Spin­ning Top with slight­ly longer buy­ing wick

Price trad­ing with­in Wide MN QHi

W1 price trading:

Price closed as a Spin­ning Top with longer sell­ing wick

Price trad­ing with­in Wide W1 QHi, below body, with­in range after price made a LL

Nar­ra­tive

D1

D1 DBD closed slight­ly with­in D1 demand

Price trad­ing deep­er D1-C‑D 2.06226 HiDC

Price trad­ing with­in Wide D1/W1 QHi

H4

Price took out H4 QLo estab­lish­ing new one cur­rent­ly trad­ing within

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

0.23 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed higher

0.47xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Failed Auc­tion

Hypo 3

Short

Failed Auc­tion

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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