19 Oct 20231019 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 RBR giv­ing D1-C‑D 2.06899 BASE clos­ing with­in D1/MN Supply

Price cur­rent­ly trad­ing at D1 50MA in DT

D1/W1 QHi reject­ed, price trad­ing mid swing

H4

Phase 2 clos­ing above H4 200MA in DT (pos­si­ble strength)

Trend

Trend is DOWN 2/3

Mar­ket Profile

WIde val­ue over­lap­ping the previous

LN Open

1.50 x ASR- Above Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR by 1.30

Asia trad­ed higher

ADR Exhaus­tion not far above IBR

0.48xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Late-Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Failed Auc­tion

Hypo 4

Short

Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

3

Mind­ful Trad­ing (1–5 Bad to Good)

1 — sick

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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