07 Nov 20231107 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 45 Trad­ing Plan

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

Nar­ra­tive

D1

Price closed high­er, cur­rent­ly test­ing D1 QHi / D1 VWAP in UT

H4

H4 Three Inside Up giv­ing H4-C‑D 2.07031 with con­tin­u­a­tion higher

H4 QLo reject­ed, price mid swing

Trend

Trend is DOWN 3/3

Mar­ket Profile

Wide val­ue above the previous

LN Open

Above Val­ue — Out­side Range — VAH right at Yesterday’s high

Mod­er­ate to Large Imbalance

ADR Exhaust­ed dur­ing Asia

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — higher

IBR — Tight

Addi­tion­al Notes

N.A. 

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Val­ue Acceptance

Hypo 4

Short

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

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

Lex­i­con

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