25 Oct 20231025 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 43 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Bear Engulf at D1 UKC UT and MN Sup­ply giv­ing D1-C‑S 2.08605

D1 QLo reject­ed, price mid swing

Price trad­ing at D1 50MA DT

H4

Price trad­ing at OLD H4 demand at H4 50MA UT

Trend

Trend is DOWN 3/3

Mar­ket Profile

2 over­lap­ping val­ues, yesterday’s is wide

LN Open

1.27 x ASR- Below Val­ue — Out­side Range

Large to Huge Imbalance

Prev. Day Exceed­ed ADR by 1.51

Asia trad­ed lower

0.58xASR IBR

Ranges are tighter than usu­al ASR LN 71.5, Short LN 526

Addi­tion­al Notes

N.A.

Hypo 1

Short

Late-Sus­tained Auction

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

Rever­sal — Pos­si­ble Failed Auction

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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

Lex­i­con

Check me out on oth­er plat­forms as well:

• Twit­ter
• Insta­gram