⇧ 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
Big bar closing above previous structure high and at All-Time-High giving D1-C‑D 2454.89 HiDC
H4
No Q Swing
Slowdown and potential price faltering at Round number of 2500
Trend
Trend is UP 3/3
Market Profile
Value Overlapping the Previous
Wide Value
LN Open
Above Value — Outside Range
Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Very Tight
Additional Notes
N.A.
Hypo 1
Short
Sustained Auction
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
Short
Reversal — Possible Failed Auction
Hypo 4
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:
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