26 Oct 20231026 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 43 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Bull­ish Inside Bar fol­low­ing a Bear Engulf trad­ing at D1 50MA DT, pos­si­ble CAS

D1 QLo reject­ed, price mid swing

H4

H4 QLo, reject­ed, price trad­ing back within

Trend

Trend is DOWN 3/3

Mar­ket Profile

Wide Val­ue cre­at­ed below the previous

LN Open

0.18 x ASR- Above Val­ue — Out­side Range right above yesterday’s high, ses­sion range high

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR by 1.39

Asia trad­ed lower

0.48xASR IBR

Addi­tion­al Notes

Ranges are too tight, HTF/MTF Nar­ra­tive lead­ing hypothesis

Euro Area ECB Inter­est Rate Decision

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

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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