05 Jul 20230705 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, below body, with­in range after price made a LL

Nar­ra­tive

D1

Price closed low­er tak­ing out D1 demand although above next Demand at 2.04822 HiDC

D1 VWAP in UT BD

Price trad­ing with­in Wide D1/W1 QHi

H4

Price trad­ing at H4 200MA in UT above H4 QLo

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ues in DT

LN Open

0.27 x ASR- Below Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR by 1.28

Asia formed a Neu­tral Day

0.22xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Sus­tained Auc­tion — Pre­ferred late-sus­tained auc­tion due to trad­ing into D1 demand

Hypo 2

Long

Failed Auc­tion

Hypo 3

Long

Auc­tion Fade

Hypo 4

Long

Val­ue Acceptance

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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