05 Oct 20231005 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 took out D1 Sup­ply LiDC and closed above struc­ture high, pos­si­ble con­tin­u­a­tion to D1 VWAP in DT TC/CAR

W1/D1 QHi reject­ed, price trad­ing mid swing

H4

H4 Bear Engulf reaf­firm­ing H4-C‑S 2.05638 (with­in value)

H4 Ham­mer at H4 VWAP in UT after BO, pos­si­ble CAS

Trend

Trend is DOWN 2/3

Mar­ket Profile

Wide val­ue cre­at­ed in UT

LN Open

0.61 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR by 1.51

Asia trad­ed lower

0.34xASR IBR

Addi­tion­al Notes

NFP tomor­row

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auction

Hypo 4

Long

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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