AlkalineFX

AlkalineFX

Crazy right?!😲 Who would have thought we would be back trading at the 1998 highs? Well, here we are. Sooooo what is the game plan now? Ideally, we need to figure out a zone to sell from! 👇 So let's figure that out together: Where is everyone trying to sell from currently? ⚡ The supply zone we are currently trading in. Where will everyone's stop losses...

AlkalineFX

Price is quickly approaching the main order block/demand zone and buyers will begin scaling in shortly. Personally, I believe price is going to completely disregard this demand and collapse straight through it. With this thesis, we could potentially look at selling into the liquidity sweep from this region.

AlkalineFX

Buyers attempted to push price out of the descending trendline but failed at the breakout. The price has now sunk slightly to liquidate some of the buyer liquidity before it reverses and goes to sweep the seller liquidity. Potentially now giving the true breakout move, time will tell.

AlkalineFX

I need price to flow into the $30k region so I can begin scaling into my long-term sales. While I wait for this setup to arise, we can take advantage of some short-term buys up into the big round psychological number. I personally believe price could flow up from here without much manipulation or buy trade disturbance.

AlkalineFX

I wouldn't fall for the trend line buys personally. It is a buy lure to sweep out buyer liquidity before the true move to the upside comes in. I have marked where I would like to begin to scale into buys before switching over to long-term sells.

AlkalineFX

The majority of people trading this pair are selling and they have been lured into a sell trap prior to NFP. I believe price will continue to tease sellers before the news release only for buyers to take control towards the end of the day with complete reversals.

AlkalineFX

Price lured and manipulated sellers around the weekly supply zone, can we expect the same in the weekly demand region? Price is trading in the weekly demand zone now and I assume we will have various sweeps before the true move to the upside initiates.

AlkalineFX

My outlook originates from a liquidity standpoint. Personally, I believe sellers will get destroyed before buyers get swept. With that in mind, I would like to see price travel up to 30-35k so I can scale into my long-term sell positions. Follow the arrows for a rough idea of what I am after.

AlkalineFX

Price can reject the supply before the key level all it wants but ultimately price is likely to gravitate towards 1.1 What we are seeing right now is potentially just a sell lure to create more liquidity when the sweep comes. I will be looking for buys into my sells.

AlkalineFX

With the majority now in favor of possible buys after breaking out of the declining trendline. I have gone for a contrarian approach and will be looking for sells in this area. I have not yet sold but will be looking for something In this area to take price down to 127. The risk to reward is just an example.

AlkalineFX

I am looking for buy entries below the 127 liquidity once buyers get swept.

AlkalineFX

Break and re-test sellers ruined. Breakout buyers ruined. That is enough liquidity to now create the next leg to either the upside or the downside. I believe the next leg will be to the upside as projected.

AlkalineFX

The double bottom reaction at the major order block is nothing but a buy lure to create liquidity to sweep in the near future. I will be looking to tackle this liquidity with sells in and around the 0.60 region as illustrated.

AlkalineFX

Price is compressing here prior to a significant supply zone. On the lower timeframes, we got a sell lure, meaning sellers are most likely trapped. we may get another sell lure but I think price is ready to go up from here.

AlkalineFX

When price is delivered to a demand zone with compression, it suggests the zone will not hold. I will be selling past this block either now or when we clear the 'x' point. Updates to follow.

AlkalineFX

After price pierced the demand and liquidated buyers, the only liquidate that remains is from the sellers. I believe that liquidity is near the equal highs marked. We will either flow to those highs from here or we will get one last sell lure before traveling to the upside.

AlkalineFX

Price has swept the key weekly supply zone and has tapped into the key psychological level of $2k I expect price to play around at this level and manipulate before it reverses slightly to take out some buyers. I have marked out my expected sell zone and target level.

AlkalineFX

Price lured buyers in after breaking out of the trend line. Once it has trapped retail as well as SMC buyers. Price liquidated them both to fuel the aggressive move to the upside. Now that buyers are out of the market the focus is to liquidate sellers. I predict that this liquidity lies around $32k Price should continue to flow to this area before any signs...