05 Jun GBPNZD 2023 Week 23 Trading Plan

#Fin­twit #XAUUSD #GBPNZD #Mar­ket­Pro­file #Order­flow #Trad­ing­Plan

This is my week­ly out­look on GBPNZD. The lev­els that I will be look­ing at with a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my bias through price action con­fir­ma­tion and order flow. I hope that makes sense. If not, get in touch with me. 

Month­ly — Bullish

• Price closed above pre­vi­ous struc­ture high with­in Wide MN QHi as a Ham­mer and closed with­in MN-C‑S 2.05880
• Con­jec­ture: a Ham­mer indi­cates a pos­si­ble con­tin­u­a­tion. Which would be in line with trad­ing into a Wide QHi. How­ev­er, price is also trad­ing at MN UKC in R coin­cid­ing with the MN QHi and could see sell­ers come in. Poten­tial­ly fur­ther high­er up at MN-CS 2.09023.

Week­ly — Bullish 

• Price closed as an Invert­ed Ham­mer above pre­vi­ous struc­ture high, with­in Wide W1 QHi
• Con­jec­ture:  Invert­ed ham­mer indi­cates a pos­si­ble con­tin­u­a­tion how­ev­er price could see sell­ers come in around these levels

Dai­ly — Bearish

• D1 Evening Star with some continuation
• Price trad­ing with­in Wide D1/W1 QHi
• Con­jec­ture: Price has seen some revers­ing at D1 Sup­ply, with­in larg­er time­frame sup­ply. D1 Evening Star is a momen­tum move so in absence of that price could push higher.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

• N.A.

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram