10 Oct 20231010 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 41 Trad­ing Plan

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

Nar­ra­tive

D1

Price closed as Bear Engulf reaf­firm­ing D1-C‑S 2.04516 LiDC clos­ing below D1 200MA in UT although D1-C‑D 2.03283 still intact and fail­ure to close within

H4

Pos­si­ble new range estab­lished, price con­sol­i­dat­ing at bot­tom / H4 LKC in R

Trend

Trend is DOWN 3/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

0.36 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed lower

Prev. Day Exceed­ed ADR by 1.43

Price trad­ing at M30 50MA DT

0.63xASR IBR accept­ing value

Addi­tion­al Notes

N.A.

Hypo 1

Long

Val­ue Acceptance

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

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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