AlkalineFX

AlkalineFX

Price continues to travel within a tight range. The market makers have done a great job of setting up liquidity to be hunted during the US CPI data at 13:30 PM (GMT+1) today. Both the supply and demand zones we have been working with over the last few days have become weaker and weaker. The question is what side will go first? We will need to study the London...

AlkalineFX

My bias has shifted significantly since last night, price rejected the fresh demand and pushed all the way back to the weakened supply. Due to the fact the supply has now been utilised 5 times without any successful pushes to the downside, I believe it is time for the zone to break to the upside. We have two options, we can either wait and see if price returns...

AlkalineFX

As mentioned last week, EURUSD has failed to complete compression which leads me to believe we will see further downside into the monthly low. I am unsure whether the spike up on Friday to take trailing stop liquidity will give the market enough fuel to sell OR will we see a push into 1.06500 before sellers grip hold of the market. I don't expect much from the...

AlkalineFX

Good morning traders, welcome to a new trading week! Today is a Bank Holiday in the UK so I will not be trading the London session due to a lack of liquidity and higher spreads. However, I have marked out exactly what I would like to see in the NY session with the assistance of the PMI data release at 15:00 GMT +1. If we can locate sells at the main supply, we...

AlkalineFX

Price has filled the daily imbalance and cleared the majority of trailing stop buyers, this could create enough liquidity for the next bullish run to clear the equal highs. I will be looking to scale in buys within this imbalance zone marked. Good luck traders! 💣

AlkalineFX

If the same pattern repeats we can expect deeper sells on GBPUSD. Although, we all expect the DXY to turn around, does it need to? Sometimes our psychology or what we want to happen can have determinantal effects on our trading. Oh look the DXY is so high, that it must drop etc. NO, go with the current flow of things. Last year EVERYONE and I mean everyone...

AlkalineFX

Price is likely to continue falling to the downside following the established bearish trend. The impulse move to the upside was likely a liquidity grab to mitigate some untouched order blocks before pushing lower.

AlkalineFX

This area is where I will be swing selling. The zone is trapped with buyers that need to close out of their losing positions to join sellers. Once the area is met and an entry model is created I will update you all. Have a great trading week gang! 🏌️‍♂️

AlkalineFX

I would like to see price begin bullish for the day. Since we have swept some buyer liquidity it is only right that we go for some seller liquidity before the trend continues. I will be joining sells at the 1HR supply IF the price respects my imbalance levels and gives confirmation. I will keep you all updated. Let's smash this week traders! 🔥

AlkalineFX

Price swept the equal highs with aggression but is now compressing suggesting the liquidity grab was insufficient. I expect one last high to go before we see any reaction from sellers.

AlkalineFX

Equal lows got created at the minor demand level but the HTF demand was not mitigated leaving a gap. We have now taken the equal highs at the Asian high, could we now see price return to the Asian low this afternoon to fill the gap? Vote below 👇

AlkalineFX

I have interest in buying EURUSD this morning. It is pulling back to fill minor bullish imbalances below the Asian low. When this is complete, I assume it will either use one of the imbalance levels or the major demand for the next rally to the upside. Preferably the demand. I will keep you updated on this one team! 🔥

AlkalineFX

Very little to update, we are consolidating here on the hourly. Although price action is a mess we are still holding new demands suggesting buyers may still want that upside push. Today and Yesterdays Asian high has been missed, liquidity still rests here. I expect London open to sweep this minor support before buyers continue. I will keep you updated on this...

AlkalineFX

Last Night Update: I expect a breakthrough of this supply. More touches are making it weaker, no pressure from sellers means a lack of order size. All previous imbalance has been filled to the left and all high volume levels have been met, there is no real reason for price to return bearish. However, if price breaches the most recent demand I will have some...

AlkalineFX

Posted to Members Last Night: Price trapped a huge amount of sellers in a high volume candle because they thought the price was breaking the 'support' to the downside when in reality this was simply a trap. Since price is so close to a recent high, I would expect a retracement for sellers to close out of their losing positions to join buyers at the newly formed...

AlkalineFX

I would love to get involved in buys on this pair but picking a suitable demand is tricky. Depending on rejection from these areas, I may join buyers. Good luck today traders! 🎯

AlkalineFX

This demand holds key imbalance that needs to be filled. Once this is complete and buyers show signs of rejection, we can consider buy into the Asia high of this morning. Good luck traders! 🔥

AlkalineFX

The shift is here! After trapping sellers on the fake breakout bulls have entered the market. if we can get a significant retracement we may be able to join the bulls on this run and milk some profits. Give this chart a thumbs up if you want in!