01 Nov 20231101 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 44 Trad­ing Plan

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

Nar­ra­tive

MN

New close as Bull­ish Inside Bar with­in larg­er consolidation

D1

D1 Bull Engulf fail­ing to close above pre­vi­ous struc­ture high and D1 UKC DT giv­ing D1-C‑D 2.08575 HiDC (above VAH, with­in Range)

Pos­si­ble D1 VWAP UT CAS

D1 QLO reject­ed, price mid swing

H4

H4 Bear Engulf in pre­mar­ket at MN Sup­ply giv­ing H4-C‑S 2.09189

Trend

Trend is DOWN 2/3

Mar­ket Profile

Wide val­ue with­in over­all range

LN Open

Mod­er­ate to Large Imbalance

Above Val­ue — Out­side Range

Prev. Day Exceed­ed ADR

Asia trad­ed lower

Nor­mal IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

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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