20230530 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
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20230530 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:

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

Larg­er Timeframe

MN price trading:

Above Body — Above Range — Mid Swing — Wide Q 

W1 price trading:

Above Body — Above Range — With­in QHi — Wide Q 

Nar­ra­tive

  • D1
    • Yes­ter­day closed as a pos­si­ble base just below D1-C‑S 2.04163
    • Price trad­ing with­in Wide D1/W1 Qhi
  • H4
    • H4 inch­ing high­er giv­ing demand at H4-C‑D 2.04021 
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the pre­vi­ous 2‑day bracket
  • LN Open
    • 0.83 x ASR- Above Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but trad­ed higher
    • 0.61xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Rever­sal — Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Short
    • Auc­tion Fade

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

  • 2

Mind­ful Trad­ing (1–5 Bad to Good)

  • 2

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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