⇧ Detailed Trading Plan for London Session with HYPOS outlined within link ⇧
#Fintwit #XAUUSD #GOLD #VWAP #Keltner #MarketProfile #Orderflow
This is my premarket prep for today’s European session for GOLD. 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
QHi rejected, price mid swing
D1 Bullish Inside Bar potential consolidation returning to Base supply level
Price trading at D1 50MA UT
Prev. Day Exceeded ADR — Yes
H4
QHi rejected, price mid swing
H4 Bear Engulf at D1 Base supply
Trend
Mixed Trend
Market Profile
Value created below the previous
LN Open
Above Value — Outside Range
Moderate to Large Imbalance
Asia traded — lower
IBR — Tight
Additional Notes
N.A.
Hypo 1
Short
Sustained Auction
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
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:
Check me out on other platforms as well: