morrisgitau

morrisgitau Updated 

On the monthly charts we have a confirmed bearish trend. Presently, on the monthly charts, we have a bullish correction that we can trade. On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium. On the...

morrisgitau Updated 

On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction. On the lower time frames, we signs of a bullish correction forming though we do not yet have a clear confirmation. On the 4 hour,we have internal bullish structure with minor bearish correction. Once we have a...

morrisgitau

Possible EURAUD sell set up. If we have a clear break of structure to the downside we expect the price to push lower to clear the disequilibrium at the 1.60 price handle.

morrisgitau

Though we have a bearish outlook on the monthly charts, currently we are in a strong bullish correction that is printing higher highs seeking to mitigate supply zones (118).On the weekly charts we still have the same bullish bias. On the daily charts, we are in a minor bearish correction targeting the weak demand zone between 108-94 price handle. On the 4 hour we...

morrisgitau

Presently we are waiting for price action to determine price delivery. If we break below the weak low/dotted lines(demand or support) we will go short(sell limit) targeting the 162 price handle.

morrisgitau

While we have a bearish set up on the monthly charts, we are seeing signs of strong bullish correction that is about to mitigate a previous supply at 165. Despite the indication by Bank of Japan (BoJ) to raise rates in the future, we maintain a bullish bias in the short term. Our long term bias remains bearish after we get clear signs of reversals.

morrisgitau

The overall trend on the monthly chart is bullish. On the weekly and daily charts, we have a bearish market structure indicating we are in a correction. On the 4 hour chart, we are awaiting a break of key structure to confirm bearish momentum. I am looking to trade the bullish correction thereafter targeting the disequilibrium between 0.85 to 0.87

morrisgitau

On the monthly chart we have a bullish trend. On the weekly charts we have a bearish correction targeting the weak low and forming new lows. On the daily charts we have a bearish set up that is presently in correction mode targeting the disequilibrium at 1.10425. We can only trade this pair once we have a clear signs of bearish or bullish continuation

morrisgitau

On the monthly chart we have a bearish trend. Presently on the monthly charts we have a bullish correction seeking to clear a previous unmitigated zone. On the weekly charts we saw a brief bearish correction that settled around the weekly demand. From this weekly demand, we have a bullish correction seeking to correct and eliminate disequilibrium between 1.29 and...

morrisgitau

On the monthly charts we have a bullish trend that is yet to break the monthly high. On the weekly chart we have a break that is leaving considerable disequilibrium marked by the fresh order blocks. We are awaiting a correction targeting the 53,000 price handle. On the daily charts, the price is yet to break and form a new confirmed high. Around the 48,000 price...

morrisgitau

On the monthly chart we have a bullish trend that is struggling to find momentum. There is a liquidity grab indicating a reversal is in the horizon targeting 1731 price handle. On the daily charts we have a change of character that indicates a shift in order flow followed by a bullish correction that failed to break the previous high. On the 4 hour chart we look...

morrisgitau

Presently we are waiting for price action to determine price delivery. If we break below the dotted lines(demand or support) we will go short(sell limit) targeting the 162 price handle.

morrisgitau

If oil prices push higher above 81$, they will prop the dollar in the medium term. Higher oil prices will influence inflation globally. Central Banks particularly the Fed might not cut rates until the later part of 2024. Fed Chair has already echoed these words citing that fed cuts are years away. Once oil adds onto that equation, we might see a possible rate...

morrisgitau Updated 

On the monthly charts, we have a consolidation around a strong demand level. On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels. Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90 levels. Change of character plus flip zones in addition to...

morrisgitau

On the monthly chart we have a bullish trend that is struggling to find momentum. There is a liquidity grab indicating a reversal is in the horizon targeting 1731 price handle. On the daily charts we have a change of character that indicates a shift in order flow followed by a bullish correction that failed to break the previous high. On the 4 hour chart we look...

morrisgitau

On the monthly charts we have a long term bearish scenario. After a break of structure, the price hit the demand zone and corrected for the better part of 2023. Moving down to the weekly charts, we see a mitigation of a previous supply, thereafter there was a reaction to the downside creating a bearish order flow. On the daily charts, we have correction that seems...

morrisgitau Updated 

On the monthly chart we have a bearish long term outlook. The price completed a correction at 0.90-1. Thereafter we are in a bearish continuation on the monthly chart. On the weekly charts, we are nearing the end of a bullish correction that may reverse or continue slightly higher. Looking closely, we also seem to be in a consolidation awaiting a proper breakout,...

morrisgitau

On the monthly charts we have a bearish trend targeting the monthly low. On the weekly charts we have a bullish correction that has cleared a previous ineffeciency. On the daily we have a change of character indicating a trends reversal. However, on the lower timeframe we have a bullish correction. On the 4 hour we are awaiting a change of character to signify a...