06 Jul 20230706 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

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, below body, with­in range

W1 price trading:

Price closed as a Spin­ning Top with longer sell­ing wick

Price trad­ing with­in Wide W1 QHi, below body, out­side range, with­in W1 demand HiDC

Nar­ra­tive

D1

D1 Inside Bar below D1 VWAP in UT

Price trad­ing with­in Wide D1/W1 QHi deep­er with­in D1 demand HiDC near­ing D1 50MA in UT

H4

H4 Tri­an­gle VWAP 200MA, pre­mar­ket closed below (H4 VWAP in DT TC giv­ing H4-C‑S 2.05329 with­in val­ue) and slight­ly with­in Wide H4 QLo

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ues in DT

LN Open

0.28 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed low­er but formed a Neu­tral Day

ADR got exhaust­ed dur­ing A TPO

0.79xASR Wide IBR

Addi­tion­al Notes

NFP tomor­row

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Val­ue Acceptance

Hypo 3

Long

Strength From With­in IBR

Hypo 4

Long

Rever­sal — Pos­si­ble Failed Auction

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

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