20 Jun 20230620 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:

GBPNZD 2023 Week 25 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price trad­ing above body and range

Price trad­ing at MN UKC in R

W1 price trading:

W1 RBR giv­ing W1 Demand Base

Price trad­ing above body and range

Nar­ra­tive

D1

D1 VWAP in UT TC

Price closed higher

Pos­si­ble D1 Phase 1 with­in Wide D1/W1 QHi

H4

For­ward-test: Pos­si­ble strength tran­si­tion­ing H4 VWAP/KC in R to UT

H4 Bull Engulf with long buy­ing wick giv­ing H4-C‑D 2.06308 HiDC

Price trad­ing with­in H4 QHi

Trend

Trend is UP 3/3

Mar­ket Profile

Anoth­er Wide Val­ue cre­at­ed above the pre­vi­ous brack­et­ing range

LN Open

0.10 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia formed a Neu­tral Day but trad­ed higher

0.59xASR IBR

B TPO accept­ed Value

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Accep­tance — already too deep accep­tance will mon­i­tor for pos­si­ble entry at val­ue edge (if any) — pos­si­ble Late-Sus­tained Auc­tion short due to the wide value

Hypo 3

Long

Auc­tion Fade — for­ward-test­ing fol­low-up on Hypo 2 — risky due to val­ue accep­tance espe­cial­ly in case of full rotation

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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