10 Jul 20230710 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 28 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 as a Spin­ning Top with slight­ly longer buy­ing wick

Above Body — With­in Range — With­in QHi — Wide Q

Price trad­ing at MN UKC in R

Price already test­ed MN sup­ply once

W1 price trading:

Above Body — Above Range — With­in Sup­ply — With­in QHi — Wide Q

Long wicks around

Last week closed as a pos­si­ble base with longer buy­ing wick

Nar­ra­tive

D1

Pos­si­ble D1 Phase 1 / 3

D1 Three Out­side Up at D1 demand HiDC coin­cid­ing with D1 50MA in UT TC

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 VWAP in DT BO (at 200MA in UT) 

H4 QLo reject­ed, price trad­ing at H4 QHi

H4 RBR at D1 Supply

Trend

Trend is UP 3/3

Mar­ket Profile

Anoth­er wide val­ue cre­at­ed above the previous

LN Open

0.40 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Trad­ed 0.94xADR (pos­si­ble momentum)

Asia formed a Neu­tral Day but most­ly trad­ed higher

0.35xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auc­tion, pos­si­ble mon­i­tor for VAA

Hypo 3

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

Late-Sus­tained Auction

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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