15 Aug 20230815 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 33 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price trad­ing with­in MN Sup­ply, above body, above range, made a HH, with­in Wide MN QHi

W1 price trading:

Price closed deep­er with­in W1 QHi, price made a HH and is now trad­ing above body, with­in range

Nar­ra­tive

D1

Price closed high­er with longer sell­ing wick

H4

H4-C‑D 2.12157 HiDC with­in Val­ue at VAL

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ues in UT

LN Open

0.18 x ASR- Above Val­ue — Out­side Range just above ses­sion range high

Mod­er­ate to Large Imbalance

Asia trad­ed lower

0.66xASR IBR exhaust­ing ADR

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)

2

Mind­ful Trad­ing (1–5 Bad to Good)

1

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

Lex­i­con

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