GBPNZD 2023 Week 23 Trading Plan - Bear Market Trader
This is my weekly plan for Gold XAUUSD
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife, weekly trading plan,

GBPNZD 2023 Week 23 Trading Plan

#Fin­twit #GBPNZD #Mar­ket­Pro­file #Order­flow #Trad­ing­Plan

This is my week­ly out­look on GBPNZD. The lev­els that I will be look­ing at with a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my bias through price action con­fir­ma­tion and order flow. I hope that makes sense. If not, get in touch with me. 

Month­ly — Bullish

  • Last month closed deep with­in MN supply
  • Price trad­ing mid swing although near­ing Wide MN QHi
  • Con­jec­ture: price saw a move below sup­ply but then react­ed and made a HH poten­tial­ly a con­tin­ued bull­ish sign although no close yet. 

Week­ly — Bullish 

  • Last week closed as a W1 Bull Engulf giv­ing W1-C‑D 2.00909 HiDC clos­ing deep with­in Wide W1 QHi
  • Price failed to close with­in W1-C‑S 2.04423 (coin­cid­ing with MN QHi) and is trad­ing right underneath
  • Con­jec­ture:  Even though price made a big bull engulf it did so HiDC. Price fail­ing to close with­in W1 Sup­ply could see sell­ers com­ing in. 

Dai­ly — Bullish

  • Price closed high­er on momen­tum above pre­vi­ous swing high but failed to close with­in D1-C‑S 2.04163
  • Price trad­ing with­in Wide D1/W1 QHi
  • Con­jec­ture: price trad­ing at these lev­els could see sell­ers com­ing in. How­ev­er due to the Wide D1/W1QHi there could be a con­tin­u­a­tion high­er tak­ing out swing high. Lots of con­ges­tion in the way though. 

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment