⇧ 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
Some consolidation after test of QLo and Larger timeframe demand
H4
QHi rejected, price mid swing
Wide H4/D1 QHi
H4-C‑S 2684.35 just below VAL
Trend
Trend is DOWN 2/3
Market Profile
Value created above the previous
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Very Tight
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction — Possible Continuation
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Short
Auction Fade
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:
Check me out on other platforms as well: