20230619 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
18031
post-template-default,single,single-post,postid-18031,single-format-standard,bridge,ajax_fade,page_not_loaded,,qode-title-hidden,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky

20230619 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 made a HH but is now trad­ing with­in body, with­in Wide MN QHi

W1 price trading:

Lit­tle W1 RBR with­in Wide W1 QHi giv­ing W1-C‑D 2.05300 BASE HiDC

Nar­ra­tive

D1

Pos­si­ble D1 Phase 1 / 3

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 Inside Bar at H4 UKC in R pos­si­ble devel­op­ing evening star although demand just below

Trend

Trend is UP 3/3

Mar­ket Profile

WIde val­ue cre­at­ed with­in 4‑day brack­et­ing range

LN Open

0.17 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR by 1.27

Asia trad­ed higher

0.38xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Sus­tained Auction

Hypo 4

Short

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment