25 Jul 20230725 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 30 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 Wide MN QHi

W1 price trading:

Price test­ing new­ly formed through W1 Bull Engulf giv­ing W1-C‑D 2.06857 HiDC with­in W1 Supply

Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

D1

D1 Demand formed at D1 50MA in UT just below Sup­ply but price closed slight with­in again

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 QHi reject­ed, price trad­ing mid swing, some con­sol­i­da­tion at H4 200MA in R

Trend

Trend is UP 3/3

Mar­ket Profile

Wide Val­ue over­lap­ping the pre­vi­ous with­in over­all range

LN Open

0.00 x ASR- With­in Value

Prev. Day Exceed­ed ADR by 1.57

Asia formed a Neu­tral Day

0.39xASR IBR

Addi­tion­al Notes

Jul 27, USD, Fed Inter­est Rate Decision

Jul 27, EUR, ECB Inter­est Rate Decision

Hypo 1

Long

Rever­sal, pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auction

Hypo 3

Long

Auc­tion Fade

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

1

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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