20230525 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
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20230525 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #Forex #Mar­ket­Pro­file #Order­flow

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

Larg­er Timeframe

Month­ly — Bullish

  • Last month closed with­in MN supply
  • Price trad­ing mid swing although near­ing MN QHi
  • Con­jec­ture: price saw a move below sup­ply but then react­ed and is near­ing it’s high poten­tial­ly a con­tin­ued bull­ish sign although no close yet.

Week­ly — Bullish 

  • W1 DBD clos­ing below W1 QHi
  • Cur­rent­ly price is trad­ing above body and range and  retraced to Base Sup­ply and is test­ing orig­i­nat­ing lev­el at W1-C‑S 2.02620
  • Con­jec­ture: Price could still see some reac­tion at W1 Supply. 


  • D1
    • D1 Qlo reject­ed, price trad­ing with­in D1 QHi
  • H4
    • Pos­si­ble H4 Phase 1 / 3 with­in Wide D1/H4 QHi giv­ing H4-C‑D 2.02419 HiDC at VAH
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the pre­vi­ous brack­et­ing range
  • LN Open
    • 0.49 x ASR- Above Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Prev. Day Exceed­ed ADR by 2.79
    • Asia trad­ed higher
    • 0.50xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Late-Sus­tained Auction
  • Hypo 2
    • Short
    • Rever­sal — Pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Auc­tion Fade

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

  • 1

Mind­ful Trad­ing (1–5 Bad to Good)

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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