03 Aug 20230803 Premarket Prep GBPNZD

⇧ Detailed Trad­ing Plan for Lon­don Ses­sion 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 31 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 Doji, pos­si­ble Speed­bump / base

Price trad­ing above body, above range, with­in Wide MN QHi

W1 price trading:

W1 Bull Engulf with pos­si­ble Base

Price trad­ing above body, above range, with­in Wide W1 QHi

Nar­ra­tive

D1

D1 Three Inside Up even though not the strongest price did close  above pre­vi­ous struc­ture high

Price trad­ing with­in Wide W1 QHi

H4

H4 Swing and old H4 sup­ply tak­en out through RBR giv­ing H4-C‑D 2.08972 HiDC right below MN Supply

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue above the previous

LN Open

0.00 x ASR- With­in Value

Asia trad­ed High­er but reversed

0.36xASR IBR

Addi­tion­al Notes

NFP tomor­row

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auc­tion — Mon­i­tor pos­si­ble con­tin­u­a­tion oppos­ing side (Val­ue Rejection)

Hypo 2

Short

Late-Sus­tained Auction

Hypo 3

Long

Auc­tion Fade

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

2

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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