13 Jul 20230713 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:

Below Body — With­in Range — With­in QHi — Wide Q

Price trad­ing at MN UKC in R

2nd test of MN supply

W1 price trading:

Long wicks around

Pos­si­ble base with longer buy­ing wick

Price made a HH trad­ing deep­er with­in W1 Sup­ply near­ing W1 Sup­ply End 2.10332 but is now trad­ing below body with­in range

Nar­ra­tive

D1

Price failed to close above chan­nel and formed a Big Bear Engulf at D1-C‑S 2.06910

Price trad­ing with­in Wide W1/D1 QHi, near­ing D1 50MA in UT

H4

Price closed deep with­in Wide H4 QLo and Old H4 demand after a lit­tle DBD at H4 200MA in UT giv­ing H4-C‑S 2.06011 BASE LiDC

Trend

Trend is UP 2/3

Mar­ket Profile

2 over­lap­ping wide values

LN Open

2.92 x ASR- Below Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR by 1.98

Asia trad­ed lower

ADR exhaus­tion right below Open

Pos­si­ble Uni­di­rec­tion­al Day

0.26xASR TIght IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal, pos­si­ble Failed Auc­tion mon­i­tor for SA

Hypo 2

Short

Sus­tained Auc­tion — Late-Sus­tained Auc­tion preferred

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auc­tion to SA

Hypo 4

Long

Late-Sus­tained Auction

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

3

Mind­ful Trad­ing (1–5 Bad to Good)

3

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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