20230613 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
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20230613 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #VWAP #Kelt­ner #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:

Price trad­ing with­in body duck­ing just below MN QHi. 

W1 price trading:

Below Body — With­in Range — With­in QHi — Wide Q 

Nar­ra­tive

  • D1
    • D1 Evening Star at MN Sup­ply fol­lowed by a DBD clos­ing deep with­in D1-C‑D 2.04773 HiDC almost tak­ing out D1 Demand End 2.03931
  • H4
    • Big H4 Bull Engulf giv­ing H4-C‑D 2.04292 below H4 LKC in R
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the pre­vi­ous although still with­in over­all range
  • LN Open
    • 0.00 x ASR- With­in Value
    • Prev. Day Exceed­ed ADR by 1.11
    • Asia trad­ed higher
    • 0.57xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Weak­ness From With­in IBR

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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