20 Sep 20230920 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 37 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

With­in Body, With­in Wide MN QHi

W1 price trading:

Below body, out­side range, at W1 VWAP in UT pos­si­ble TC, ducked below Wide W1 QHi

Nar­ra­tive

D1

Closed slight­ly with­in Wide D1 QLo

Took out some demand but trad­ing in another

H4

With­in Wide D1/H4 QLo

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ues in DT

LN Open

0.57 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed higher

0.59xASR IBR

Addi­tion­al Notes

Fed Inter­est Rate Deci­sion lat­er dur­ing NY

BoE Inter­est Rate Deci­sion tomorrow

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Long

Auc­tion Fade

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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

Lex­i­con

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