AlkalineFX

AlkalineFX

Let's finish off the week nicely with this lovely display of a structural shift.

AlkalineFX

I have my eyes peeled on this pair, I will be waiting for a significant pullback into structure + signs of rejection, before I consider my buy position.

AlkalineFX

Tough market to trade this week, the level of manipulation is out of this world. Im very interested in trading this pair, what I would like to see is a confirmed close below the structure marked to be able to sell it. If we see price shoot to the upside, I will leave this trade untouched. COT Data - 64% Lonf

AlkalineFX

We could actually be witnessing a structure shift indicating a new market direction after that manipulation trap. If we see continued rejections from this key level I will be considering a buy into the next key level as illustrated. COT Data - 68% Short

AlkalineFX

Hooray, price is now back at the previous resistance level, I see signs of bulls, let's all buy and make millions, HELL NO! Understand how the market works and how banks manipulate retail. I have drawn a path as to what i think may happen next. I expect a push below the resistance level to gather liquidity before the intended move to the upside. We may not even...

AlkalineFX

I put together this chart to show you that in reality, all we are seeing is indecision. We should be patient and wait for the market to show us its clear direction. Once we see a break either way, I will be looking to buy/sell from the re-tested structure to the targets marked. COT Data - 54% Short IG Client Sentiment - 59% Bullish

AlkalineFX

We have now witnessed the first phase of the structure shift on XAUUSD. I will now be waiting for a second impulsive to the upside breaking the first level of structure to potentially confirm a new uptrend as illustrated. COT Data - 54% Long

AlkalineFX

Once we see a break of this small level acting as support I believe this trade will flourish to the downside. The Alkaline team entered slightly early yesterday but we are still in the game with great utilization of ATR stop loss placement. Wishing everyone a great trading day! COT Data - 51% Short

AlkalineFX

If we manage to see a break of the small ascending trend line, I will class the small break to the upside from the resistance level as an SL hunt to gather liquidity before a potential strong bearish move to the downside. If we see the break, I will be waiting for a re-test of the trend line or structure followed by rejections before placing my sell...

AlkalineFX

Price has broken out of the ascending trend line on the daily time frame and is now respecting a new descending trend line on the lower time frames. If you pay attention closely you will see that price has been stepping down and respecting structure due to JPY strength kicking in. I would like to see one final touch of the descending hourly trend line followed by...

AlkalineFX

After this pair broke the descending daily trend line we began to see price bounce between a small ascending channel. The structure has now shifted from a downtrend to a potential uptrend on the lower time frames indicating the start of a potential bullish move. Our first target would be the top trend line of the channel but if price manages to break that the...

AlkalineFX

I would like to see a small pullback followed by continued rejections before getting involved in a sell position. As you can see, price failed to hold above the daily resistance level and we have now closed below it and have broken the small ascending trendline. This could be signs that price is failing to push higher and that a significant sell-off is...

AlkalineFX

After breaking the ascending triangle we began to see bearish momentum but that soon slowed down and now it looks like the price has failed to continue the downside and we are in the process of a structural shift indicating a potential buying opportunity. COT DATA - 55% Short

AlkalineFX

Price is stepping down and still obeying structure, we have to respect the downtrend we are presented with and have a bearish outlook until we see a structural shift as illustrated. We had a huge bearish engulfing candle on the weekly timeframe so a pullback is likely but not 100%, the market conditions have changed quite a bit recenty and we are finding that...

AlkalineFX

I have been testing out a new indicator and it would be great to see it work in action at some point next week. Silver is highly correlated with golds movement and after analyzing XAUUSD, I expect the price to drop further on silver if it continues to step down. I will be placing a sell limit around the order block region to see if we can get a wick entry with a...

AlkalineFX

It is rare to see XAUUSD respect descending structure like this as it tends to be a pair that likes to move erratically. If the price continues to step down in a respectful manner, I will be looking to sell after the break and retest as illustrated. I will be closely monitoring the DXY if I consider trading this as it plays a huge role in golds movement. Now that...

AlkalineFX Updated 

Very slow market to deal with today in anticipation of the upcoming major news. I have decided to take the plunge and dive into this trade, hopefully you will be able to gather why from the technicals, but if you have any further questions reach out to me in the comment section. IG Client Sentiment - 56% Short (Fighting Retail) COT Data - 54% Short

AlkalineFX

Trade what you see - a structural shift has occurred at the break of the descending trendline, EUR buying is at an all-time high whilst GBP selling is at an all time high. If trade hits TP great if it doesn't on to the next. Trade was placed with the Alkaline Team. COT Data - 79% Short IG Client Sentiment - 56% Short (Great indication for longs)