02 Nov 20231102 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 44 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Bear Engulf break­ing con­sol­i­da­tion giv­ing D1-C‑S 2.08397 and returned to D1 Demand Base level

H4

H4 Phase 4, now test­ing H4 QLo

H4 200MA DT at D1 QLo

Trend

Trend is DOWN 3/3

Mar­ket Profile

Mul­ti-day brack­et­ing range with yes­ter­day hav­ing a wide val­ue area

LN Open

Below Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — lower

IBR — Tight

Addi­tion­al Notes

Unit­ed King­dom BoE Inter­est Rate Decision

Hypo 1

Short

Late-Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

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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