14 Aug 20230814 Premarket Prep GBPNZD

⇧ Detailed Trad­ing Plan for Lon­don Ses­sion with HYPOS out­lined with­in link ⇧

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #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 33 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price trad­ing with­in MN Sup­ply, above body, above range, made a HH, with­in Wide MN QHi

W1 price trading:

Price closed deep­er with­in W1 QHi, price made a HH and is now trad­ing above body, with­in range

Nar­ra­tive

D1

D1 RBR giv­ing D1-C‑D 2.10211 BASE with­in large Supply

H4

Pre­mar­ket closed as a H4 Inside Bar

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue above the previous

LN Open

0.68 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR by 1.44

Asia trad­ed higher

0.67xASR IBR

Addi­tion­al Notes

N.A. 

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Sus­tained Auc­tion to pos­si­ble VAA

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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