20230728 Premarket Prep GBPNZD - Bear Market Trader
This is my detailed trading plan for the London session. Including levels and hypos.
day trade, day trading, forex, FX, trade plan, trading plan, GBPNZD, FX, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
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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:

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:

Check me out on oth­er plat­forms as well:

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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