11 Jan 20240111 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 2024 Week 2 Trad­ing Plan

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

Nar­ra­tive

D1

QLo reject­ed, price mid swing

D1 closed high­er form­ing a base above pre­vi­ous demand giv­ing D1-C‑D 2.03851

H4

Price trad­ing at QHi H4 Evening Star

H4 VWAP 200MA APEX

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ue Over­lap­ping the Pre­vi­ous — Wide Value

LN Open

Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — lower

IBR — Tight

Addi­tion­al Notes

N.A.

Hypo 1

Short

Late-Sus­tained Auc­tion / Val­ue Acceptance

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

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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