At the open, price was above EMA and VWAP, so the initial lean was bullish. But once the ORB range was set, there was no follow-through to the upside. Instead, price broke the ORB to the downside and shortly after broke the intraday trendline. That was the signal for me to drop long ideas and focus only on shorts. After the break, price retraced into fib resistance. Took the short on the rejection. Heres a small checklist that will help everyone I hope. 1. Draw trendline to confirm the bias of the last hours. 2. Mark daily high and low and Previous day low and high 3. Waith for the first 5min/15min ( depending on your trading style ) of market open. This is your range. 4. Waith for a break of this range. (If it breaks trendline also it confirms your bias also. See this trade for example. With a trendline break I whas more confident to take a short since price gave me clear signs it is shifting. It works the other way around also. If price respects trendline you can be more confident taking longs) 5. After break we use fibonacci for entries. Set your fibonacci to the most recent swing high and low because we want to calculate the retrace. 6. I use 2:1 RR so I set my Sl first and after that my tp. (If you are uncertain of your trade > risk down ) I hope this helps! Ps: forgive my english😭

The session started in a difficult environment. Gold has been extremely volatile lately, and from the open it was clear this would not be a clean, textbook ORB day. Price was trading below VWAP, which normally puts a cap on upside continuation and keeps me cautious on long setups. However, as the session developed, the internal structure began to change. The downside pressure weakened and eventually the trendline to the downside was broken. That break was important context: it signaled that sellers were losing control, even though VWAP had not yet been reclaimed. Given the current behavior of gold, I deliberately allowed the trade more room to develop. The stop loss was placed at the 0.786 Fibonacci, accepting a wider stop in exchange for stability. Risk was adjusted accordingly. In this market, tight stops are often just noise. Even 1 micro can be crazy for gold. Starting to like Nq more. I will only post most recent pnl month from now on! Ezi