08 Aug 20230808 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 32 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

MN price trading:

Price above body, and range mak­ing a HH with­in Wide MN QHI

W1 price trading:

W1 Sup­ply and QHi tak­en out in premarket

Trad­ing with­in new W1 Wide QHi

Nar­ra­tive

D1

Price trad­ing deep­er with­in D1 Supply

H4

Price closed above pre­vi­ous struc­ture high

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue over­lap­ping previous

LN Open

1.31 x ASR- Above Val­ue — Out­side Range

Huge Imbal­ance

Asia trad­ed higher

ADR exhaus­tion just above IBR pos­si­ble uni­di­rec­tion­al day

0.22xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Late-Sus­tained Auction

Hypo 2

Long

Failed Auc­tion

Hypo 3

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Short

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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