07 Jun 20230607 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 23 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 — Ducked just below Wide MN QHi

W1 price trading:

With­in Body — With­in QHi — Wide Q 

Nar­ra­tive

• D1
  • D1 Three Inside Down giv­ing D1-C‑S 2.04768 with­in WIde D1/W1 QHi
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • Price trad­ing at H4 LKC in UT
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Wide val­ue cre­at­ed below the previous
  • Val­ues in DT
• LN Open
  • 0.15 x ASR- Above Val­ue — With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.33xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Sus­tained Auc­tion (risky trad­ing into new D1 Sup­ply), Pre­ferred Reversal/FA or LSA
• Hypo 2
  • Short
  • Val­ue Accep­tance (risky con­ges­tion with­in value)
• Hypo 3
  • Short
  • Rever­sal, pos­si­ble Failed Auction
• Hypo 4
  • Short
  • Auc­tion Fade

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

• 1

Mind­ful Trad­ing (1–5 Bad to Good)

• 3

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram