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19 Jun 20240619 Premarket Prep Gold
⇧ Detailed Trading Plan for London Session with HYPOS outlined within link ⇧
#Fintwit #XAUUSD #GOLD #VWAP #Keltner #MarketProfile #Orderflow
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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
Wide QLo
Consolidation above D1 QLo
H4
Price trading within QHi
Consolidation within QHi
Trend
Trend is DOWN 2/3
Market Profile
Value created below the previous
LN Open
Above Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — No
Asia traded — higher
IBR — Very Tight
Additional Notes
N.A.
Hypo 1
Long
Late-Sustained Auction
Hypo 2
Long
Reversal — Possible Failed Auction possible continuation
Hypo 3
Short
Auction Fade
Hypo 4
Short
Reversal — Possible Failed Auction possible continuation
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:
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