14 Jul 20230714 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 28 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Below Body — With­in Range — With­in QHi — Wide Q

Price trad­ing at MN UKC in R

2nd test of MN supply

W1 price trading:

Price made a HH trad­ing deep­er with­in W1 Sup­ply near­ing W1 Sup­ply End 2.10332 but is now trad­ing below body with­in range at W1 Demand HiDC

Nar­ra­tive

D1

Price closed low­er although failed to close with­in D1 Demand HiDC

Price trad­ing at D1 50MA in UT, with­in Wide D1/W1 QHi

H4

Price con­sol­i­dat­ing but closed deep­er with­in Wide H4 QLo

Pre­mar­ket formed a Bull Engulf with­in Wide H4 QLo

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

With­in Value

Prev. Day Trad­ed 0.96xADR (Pos­si­ble Momentum)

Asia trad­ed lower

0.23xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Long

Strength From With­in IBR

Hypo 4

Short

Late-Sus­tained Auction

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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