18 Oct 20231018 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 42 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Ham­mer at D1 LKC in DT

D1-C‑D 2.05820 at pos­si­ble D1 VWAP DT BO CAS

W1/D1 QHi reject­ed, price trad­ing mid swing

H4

Con­sol­i­da­tion and BD at MN Sup­ply giv­ing H4-C‑S 2.06487 with­in value

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ue above the previous

LN Open

0.25 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed lower

0.33xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Val­ue Acceptance

Hypo 3

Long

Late-Sus­tained Auc­tion fol­low­ing VAA

Hypo 4

Short

Auc­tion Fade (risky after 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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