⇧ 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
Price closed slightly lower, still within Wide W1 QHi
Price trading at D1 VWAP UT, 50MA UT not far below
Prev. Day Exceeded ADR — No
H4
Price trading within QLo
H4 Phase 1 / 3 continued, although price did break lower within OLD H4 demand, currently trading within Wide H4 QLo
Trend
Trend is UP 2/3
Market Profile
Value Overlapping the Previous
LN Open
Open Below Value — Outside Range
Moderate to Large Imbalance
Asia traded — lower
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Long
Reversal — Possible Failed Auction
Hypo 4
Short
Late-Sustained Auction
Clarity / Confidence (1 — 5, low to high)
2
Is there a familiar pattern?
No
Mindful Trading (1–5 Bad to Good)
3
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