08 Nov 20231108 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:
The purpose of a premarket prep is to find setups within my weekly trade plan bias
Narrative
D1
D1 Spinning Top with long selling wick, possible D1 VWAP CAR, at D1 QHi (rejected)
H4
Price trading at H4 QLo
Trend
Trend is DOWN 3/3
Market Profile
2 overlapping values
LN Open
Below Value — Outside Range
Large to Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Tight
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Long
Late-Sustained Auction
Hypo 4
Long
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
2
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