11 Apr 20240411 Premarket Prep Gold
⇧ 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
No Q Swing
D1 Bear Engulf but with longer buying wick
H4
QLo rejected, price mid swing
Possible Phase 2
H4 Three Outside Up at QLo giving new demand which if gets tested could see further downside
Premarket closed as a possible consolidation or bullish inside bar
Trend
Trend is UP 3/3
Market Profile
Value Overlapping the Previous
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Tight
Additional Notes
ECB Interest Rate Decision(s) today
Hypo 1
Short
Late-Sustained Auction
Hypo 2
Short
Reversal — Possible Failed Auction
Hypo 3
Long
Auction Fade
Hypo 4
Long
Reversal — Possible Failed Auction
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
3
Don’t know what all the abbreviations are? Check out my lexicon:
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