15 May 20230515 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #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 20 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 Sup­ply — Mid Swing — Wide Q

W1 price trading:

With­in Body — With­in QHi — Wide Q — W1 Ham­mer failed to close below W1 QHi

Nar­ra­tive

• D1
  • Price closed with­in D1 Sup­ply Base through D1 Three Out­side Down giv­ing D1-C-D1.98627 Momentum
• H4
  • H4 Sup­ply cre­at­ed at D1 Sup­ply Base
  • H4 QHi reject, price trad­ing mid swing
• Trend
  • Trend is DOWN 2/3
• Mar­ket Profile 
  • Wider val­ue cre­at­ed above the previous
• LN Open
• 0.14 x ASR- Below Val­ue — With­in Range

• Mod­er­ate Imbalance
• Prev. Day Exceed­ed ADR by 2.08
• 0.33xASR IBR
• Asia trad­ed lower
• A TPO closed with­in Value

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Sus­tained Auction
• Hypo 2
  • Long
  • Val­ue Acceptance
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Long
  • Auc­tion Fade

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

• 1

Mind­ful Trad­ing (1–5 Bad to Good)

• 2

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram