03 Jul 20230703 Premarket Prep GBPNZD

⇧ Detailed plan with HYPOS out­lined with­in link ⇧

#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 27 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Last month closed slight­ly high­er as a Spin­ning Top with slight­ly longer buy­ing wick

Price trad­ing with­in Wide MN QHi

W1 price trading:

Price closed as a Spin­ning Top with longer sell­ing wick

Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

D1

D1 Three Out­side Down giv­ing D1-C‑S 2.07825 Momentum

Price trad­ing with­in Wide D1/W1 QHi cur­rent­ly trad­ing at D1 Demand HiDC coin­cid­ing with D1 VWAP/UKC in UT

H4

H4 Bear Engulf at D1-C‑S 2.06910

Price trad­ing at H4 QLo

Trend

Trend is UP 3/3

Mar­ket Profile

Wide val­ue over­lap­ping the previous 

LN Open

0.78 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR by 1.19

Asia trad­ed lower

0.31xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auction

Hypo 3

Long

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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