28 Jul 20230728 Premarket Prep GBPNZD

⇧ Detailed Trad­ing Plan for Lon­don Ses­sion 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 30 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Above Body, With­in Range, With­in Wide MN QHi

W1 price trading:

Price test­ing new­ly formed through W1 Bull Engulf giv­ing W1-C‑D 2.06857 HiDC with­in W1 Supply

Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

D1

D1 Bear Engulf with­in Phase 1 / 3 closed above D1 50MA in UT

Price trad­ing with­in Wide D1/W1 QHi

H4

H4 Bull Engulf at W1 Demand HiDC

Pre­mar­ket fol­lowed through and closed with­in H4 Sup­ply / Wide H4 QHi

Trend

Trend is UP 3/3

Mar­ket Profile

2 over­lap­ping wide values

LN Open

0.12 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR by 1.06

Asia trad­ed higher

ADR got exhaust­ed right at yesterday’s high 

0.63xASR IBR tak­ing out H4 Sup­ply (Pos­si­ble Momentum)

Addi­tion­al Notes

N.A.

Hypo 1

Long

Late-Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed 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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