20230707 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, 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, with­in range after hav­ing made a LL

Price test­ed W1 demand Base HiDC

Nar­ra­tive

D1

D1 Three Out­side Up giv­ing D1-C‑D 2.05686 Momen­tum (with­in Wide Val­ue above PPOC) although fail­ing to close with­in D1 Supply

Price trad­ing with­in Wide D1/W1 QHi

Pos­si­ble D1 Phase 1 / 3

H4

H4 DBD at D1 Sup­ply (just below H4 QHi)

H4 QLo reject­ed price trad­ing mid swing

Trend

Trend is UP 3/3

Mar­ket Profile

Very Wide val­ue cre­at­ed in 3 day brack­et­ing range

LN Open

0.54 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

Asia trad­ed lower

Prev. Day Exceed­ed ADR by 1.78

0.51xASR

Addi­tion­al Notes

NFP today

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auc­tion to pos­si­ble Val­ue Accep­tance (risky with D1 demand with­in value)

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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