21 Jul 20230721 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 29 Trad­ing Plan

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 above body, with­in range, trad­ing at MN UKC in R, with­in Wide MN QHi

W1 price trading:

Pos­si­ble W1 Phase 1 / 3

Last week closed low­er with longer sell­ing wick although still trad­ing above W1 Demand HiDC and with­in Wide W1 QHi

With­in Range

Mul­ti­ple tests of W1 Demand HiDC

Nar­ra­tive

D1

D1 Phase 1 / 3

Weak DBD leav­ing a long buy­ing wick

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 RBR to H4 Spin­ning Top with longer sell­ing wick at D1 Supply

H4 QLo reject­ed, price trad­ing mid swing

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ues in DT

LN Open

0.92 x ASR- Above Val­ue — Out­side Range

Large Imbal­ance

Prev. Day Exceed­ed ADR by 1.14

Asia trad­ed higher

0.52xASR IBR

Addi­tion­al Notes

Pos­si­ble Fri­day Profit-Taking

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Auc­tion Fade

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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