02 Oct 20231002 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 40 Trad­ing Plan

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

Nar­ra­tive

D1

Price trad­ing at D1 200MA in UT

Wide W1/D1 QHi reject­ed, price near­ing QLo

H4

Some demand cre­at­ed giv­ing H4-C‑D 2.03105 with­in val­ue below VAH

Price below H4 VWAP in DT

Trend

Trend is DOWN 3/3

Mar­ket Profile

Val­ues in DT

LN Open

0.28 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed higher

0.29xASR IBR

Prev. Day Exceed­ed ADR by 1.60

Addi­tion­al Notes

N.A. 

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auc­tion — pre­ferred to take out Asia high

Hypo 3

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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