01 Aug 20230801 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 31 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 as a Doji, pos­si­ble Speed­bump / base

PRice trad­ing above body, with­in range, with­in Wide MN QHi

W1 price trading:

W1 Bull ENgulf with pos­si­ble Base

Price trad­ing below body, with­in range, with­in Wide W1 QHi

Nar­ra­tive

D1

D1 P+hase 1 / 3

Price trad­ing at D1 50MA in UT, pos­si­ble APEX with MN Supply

H4

Bounce off H4 200MA in R trad­ing high­er near­ing H4 QHi 

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ue cre­at­ed below, with­in over­all range

LN Open

0.00 x ASR- With­in Value

Prev. Day Exceed­ed ADR by 1.47

Asia trad­ed higher

ADR exhaus­tion right above IB High

0.52xASR IBR

Addi­tion­al Notes

N.A.

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)

1

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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