Today we will review our mentor 5RR position on XAU

1D

We see liquidity sweep and the potential target as the daily FVG. It’s still early to make decisions as we are in a long trend, but we have already signs of price weakness.

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4h

I see an inversion of the 4h FVG, good reaction and consolidation below it. Based on this, 4h fractal servers as good target for me to continue short.

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30m

During our short context we see how price properly works with fvg and rebalance all inefficiency. It was good sign for me, because we got full sync between all my main timeframes and now I am confident in short context.

5m

On lower timeframes we can see the same situation, we have beautiful price action, during the whole short move price rebalance all fvg and grab all liquidity, so it’s too clean.

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Entry

I’m hesitant to make decision during London, so I am waiting for the NY open timing. I receive classic model with sweep and market structure shift and I decide to open position on two accounts.

My main target is the 4h FVG. Also additional factor for me was that price in current day full fill 30m fvg.

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