14 Dec 20231214 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 50 Trad­ing Plan

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

Nar­ra­tive

D1

D1 closed low­er tak­ing out W1/D1 demand (pop­ping of large demand could see reaction)

Price near­ing W1/D1 QLo

H4

H4 DBD giv­ing H4-C‑S 2.03497 BASE

Inside bar dur­ing premarket

Trend

Trend is DOWN 3/3

Mar­ket Profile

Val­ue cre­at­ed above the previous

LN Open

Below Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — low­er exhaust­ing ADR

IBR — Wide

Addi­tion­al Notes

BOE + ECB Inter­est Rate Deci­sion today

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Strength From With­in IBR

Hypo 3

Long

Late-Sus­tained Auction

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

4

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

Lex­i­con

Check me out on oth­er plat­forms as well:

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