AlkalineFX

AlkalineFX Updated 

Trying to trade anything JPY is proving difficult as we experienced yesterday on EURJPY. The death of JPY just continues over and over. I think the bull run will continue all the way into the key psychological level of 130 before we see any signs of buyers slowing down. I won't set an order, I will set an alert because we are bound to see some manipulation...

AlkalineFX

This pair is creating support just above the demand and fair value gap. I have no interest in trading the support or the demand just below it. My main focus is locating longs within the gap or at the lowest demand. We will have to wait a while for this to play out but the patience will pay.

AlkalineFX

Since demand has not been met and compression has not been completed, I believe sellers will have one more round before buyers intervene. I would like to join these sellers but I am unsure what supply they want to use. I have my alerts set and will study the price action on delivery before entering. Do you like the look of this? 💬

AlkalineFX

Sellers may be viewing the current price location as a break and re-test sell without taking note of the completed compression to the left. For this reason, I believe price loading up longs. It is crucial that we wait for a break above this level to initiate longs (As Illustrated) NO BREAKOUT - NO TRADE

AlkalineFX

Price is approaching the trendline breakout zone without fully mitigating the supply above which suggests to me a potential false breakout. Ideally, I would like to see sellers get trapped and liquidated. before I join swing sells. I have illustrated what I would like to see. if you have other ideas, let me know in the comment section. 💬

AlkalineFX Updated 

Sellers got caught previously now buyers are being lured into the trap. I would like to see some selling pressure from the gap between zones or after the remaining liquidity sweep (Both Illustrated) If price goes past my sell zones I would consider this setup invalid, there is no reason why it should pass my zones, sellers should intervene beforehand. I will...

AlkalineFX

This supply looks strong, if we can clear Friday's high then we may have enough liquidity to bring a strong round of sellers into the market to sweep the double bottom. Let me know your thoughts in the comment section 💬

AlkalineFX Updated 

The wick below the minor support will have lured a huge amount of sellers in. I would assume that price is likely to target seller liquidity now since price did not flow to the downside after the breakout.

AlkalineFX

This should be very obvious compression to you. Price may give an initial lure but long term sells aren't ready until we get a strong liquidity grab into the supply zones above. I will be searching for buys to join banks for when they decide to complete compression. The daily and weekly POC are very close to each other, this zone had the most volume because it...

AlkalineFX

I will be dollar-cost-averaging into XRP from 0.25 all the way down to 0.05. Enjoy the show.

AlkalineFX

This pair took a tumble after the UK May flash services data was released. Many will be impulsively selling this now but I am focused on buying up into the higher supply zones to sweep the equal highs created. Price could get all the way down to 1.24-123 before we get an opportunity to swing buy but the wait will be worth it. Let me know what you think down...

AlkalineFX

Price trapped the head and shoulders sellers and I assume the majority of them are now all liquidated. Maybe we can expect a sell to the fair value gap before we begin buying again. What are your thoughts? 🔥

AlkalineFX

The DXY suggests a potential retracement which will of course will be good news for buyers. The likelihood is that smart money are still holding their trades from the order block, I think this should be a great area of liquidity for a take profit. If we pull back and respect the most recent demand area, I will consider a buy. Good luck guys! Let me know what...

AlkalineFX

The DXY was luring early sellers in with a compression move. They then finally decided to complete this compression with a liquidity grab move. Now that early sellers have been stopped out, could enough liquidity be created to make a small sell retracement? Bear this in mind if you are trading USD pairs today traders! 🏌️‍♂️

AlkalineFX

Here are my zones and levels for this morning, please update them as you go through the day. Bears are likely to push price past the Asian low to fill the remaining imbalance (Blue Box) before returning to the supply gap. In my mind, there is no way that we will see bullish continuations until this blue box is filled so I will avoid trading at this current...

AlkalineFX

Don't be fooled by this pretty head and shoulders pattern because it is most likely a trap to lure sellers into the market before price bounces from a demand planted below it. Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move. Do you think this is likely? 🚀

AlkalineFX

Since it is a big day for the dollar it is only right we take a look at the DXY to get a better perspective on what we can expect. I am in two minds - the daily chart would suggest we have an incomplete compression that needs to push higher to take out early sellers. BUT The four-hour charts suggests that breakout sellers have already been liquidated and that...

AlkalineFX

The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity. Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys) With this...