⇧ 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
QLo rejected, price mid swing
D1 closed with a big bar above QLo retracing to D1-C‑S Speedbump possible Base and W1 Supply, price trading at 50% retracement of previous week.
Prev. Day Exceeded ADR — Yes
MN closed as a Doji with longer selling wick
H4
QLo rejected, price mid swing
Wide D1/H4 QLo
H4-C‑D 3287.64 within wide value at VAH
Trend
Trend is DOWN 2/3
Market Profile
Value Overlapping the Previous
LN Open
Open Above Value — Outside Range
Huge Imbalance
Asia traded — higher
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Short
Auction Fade
Clarity / Confidence (1 — 5, low to high)
4
Is there a familiar pattern?
No
Mindful Trading (1–5 Bad to Good)
4
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