20230601 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
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20230601 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 — With­in QHi — Wide Q 

  • Price closed with­in MN-C‑S 2.05880 after tak­ing out MN supply
  • Price closed as a Hammer

W1 price trading:

Above Body — Above Range — With­in QHi — Wide Q 

  • W1 Bull Engulf clos­ing with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Price trad­ing deep­er with­in Wide D1/W1 QHi
    • Pos­si­ble D1 Phase 2 although now trad­ing at D1-C‑S 2.06909
  • H4
    • Pos­si­ble H4 Phase 2
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ues in UT
  • LN Open
    • 1.26 x ASR- Above Val­ue — Out­side Range
    • Large to Huge Imbalance
    • Asia trad­ed higher
    • Prev. Day Exceed­ed ADR by 1.26
    • 0.51xASR IBR

Addi­tion­al Notes

  • NFP tomor­row

Hypos

  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Auc­tion Fade
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Long
    • Late­Sus­tained Auction

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

  • 2

Mind­ful Trad­ing (1–5 Bad to Good)

  • 3

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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