16 Nov 20231116 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 46 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Three Out­side Down giv­ing D1-C‑S 2.08062 Momen­tum reject­ing D1 QHi

D1 50MA DT 200MA UT APEX

Price react­ing at D1 200MA UT

H4

Big H4 Bull Engulf at D1 Demand

Pre­mar­ket formed an Inside Bar

Trend

Trend is DOWN 3/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — high­er exhaust­ing ADR

IBR — Normal

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Late-Sus­tained Auction

Hypo 4

Short

Rever­sal — Pos­si­ble Failed Auction

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

1

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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