20230719 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 29 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:

Price made a HH but is now trad­ing above body, with­in range, trad­ing at MN UKC in R, with­in Wide MN QHi

W1 price trading:

Pos­si­ble W1 Phase 1 / 3

Last week closed low­er with longer sell­ing wick although still trad­ing above W1 Demand HiDC and with­in Wide W1 QHi

Above Body, With­in Range

Nar­ra­tive

D1

Long Pin­bar clos­ing below D1 Sup­ply and fail­ing to make a HH although pos­si­ble Base

Trad­ing With­in Wide D1/W1 QHi

H4

H4 QHi reject­ed, price test­ed QHi and formed a SPin­ning Top with longer buy­ing wick

Trend

Trend is UP 2/3

Mar­ket Profile

Wide Val­ue cre­at­ed, val­ues in UT

LN Open

0.06 x ASR- Below Val­ue — With­in Range

Mod­er­ate Imbalance

Asia trad­ed higher

1.00xASR Wide IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auc­tion — FT Rever­sal With­in IBR

Hypo 2

Short

Weak­ness From With­in IBR 

Hypo 3

Short

Failed Auc­tion

Hypo 4

Long

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

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

Lex­i­con

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