04 Oct 20231004 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

D1 Bull Engulf giv­ing D1-C‑D 2.03283

D1 Sup­ply LiDC tak­en out

W1/D1 QHi reject­ed price trad­ing mid swing

H4

Pos­si­ble stair­case although price trad­ing at H4 UKC in DT form­ing a pos­si­ble RBR

H4-C‑D 2.04543 With­in val­ue at PPOC

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ues in UT

LN Open

0.12 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

Asia trad­ed high­er although Neu­tral Day but exhaust­ed ADR

Prev. Day Exceed­ed ADR by 1.40

0.38xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Sus­tained Auc­tion, pre­ferred late-sus­tained auction

Hypo 4

Short

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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