morrisgitau

morrisgitau

On the monthly chart, the price has completed a long term market correctio. We have seen a reaction from the monthly demand indicating order flow has shifted to bearish. On the weekly charts, we have an internal shift in order flow and a correction that is complete confirming our long-term bearish outlook. On the daily charts we anticipate a correction to mitigate...

morrisgitau

There are signs the Swiss Franc (CHF) is weakening across major pairs. Presentlyon the 4 hour charts we have signs of a reversal targewting the unmitigated supply at 0.907. We have two possible entry positions one represented by the liquidity (in blue) and one seated below the liquidity (conservative entry)

morrisgitau

As we await NFP data for thye month of December, we have seen a resurgent Yen. Across the board, cross Yen pairs have printed new lows. For this pair, we have anew low indicating a reversal in trend. A strong NFP will lead to a correction that will mactivate our sell limit orders in the fresh supply.

morrisgitau Updated 

Presently, the bullish correction seems to have come to an end. On the 4hr charts we have a change of character and an internal break of structure that informs our sell limit order targeting the downside area.

morrisgitau Updated 

Presently, the bullish correction seems to have come to an end. On the 4hr charts we have a change of character and an internal break of structure that informs our sell limit order targeting the downside area. NB; THIS ANALYSIS IS SIMILAR TO GBPNZD

morrisgitau Updated 

A failure to break the former high and a shift in orderflow from bullish to bearish informs our sell limit set ups. Presently we have a change of character and a break of structure. We anticipate a minor bullish correction to activate our sell limit orders at 11.16 price handle.

morrisgitau

Finally, there are signs of shift in market structure from bullish to bearish. On the 4 hour chart, we have an internal break of structure and a change of character. This informs our bearish set up. On the retracement, we shall seek sell limit order(s) at either unmitigated or fresh supply.

morrisgitau

On the 4 hour chart we have a change of character and a break of internal structure. That informs our reversal/shift in market structure. We anticipate a minor bullish correction to activate our sell limit orders at 1994 price handle.

morrisgitau

Profit taking has pushed the dollar lower across major instruments. Presently we anticipate bitcoin to gain more ground against the dollar possibly hitting the 37,000 price handle. Thereafter we shall await a shift inorder flow and market structure before placing sell orders.

morrisgitau Updated 

The New Zealand Dollar is recovering after a serious battering throughout the year. Presently, we have a change of character on the 4 hour and an internal break of structure on lower time frames. We favour a bullish trade from the liquidity to the identified upside. We do share the same analysis for AUDCAD.

morrisgitau

Presently we are in a profit taking season against the dollar that has sponsored a bearish outlook. We have a change of character and break of structure that informs our bearish outlook targeting the unmitigated demand at 16.76 price handle. We are anticipating activation of our sell li it orders at 18 price handle.

morrisgitau

We maintain a long term bearish approach to this pair. Presently, after a break of structure, we have a corrective move targeting the unmitigated zone at 20.39 price handle. On the 4 hour time frame, we have a change of character and internal break that informs our buy position at 19.9

morrisgitau

We are looking at a possibility of sell set ups. We are in a major bearish trend that is presently correcting itself.Should we have a break of structure, we will look for sell set ups targeting the liquidity below the lower structure.

morrisgitau

Increased profit taking against DXY and the ongoing conflict between Israel and Palestine has fueled the rally in precious metals. We have broken above key levels in an attempt to mitigate the supply sitted above. We are awaiting the completion of the bullish correction thereafter we shall look for sell set ups.

morrisgitau

As 2023 draws to aclose, we are witnessing DXY profit taking. Cross USD pairs are registering a brief bullish correction and the same is evident for XAUUSD. Presently, we anticipate GOLD to mitigate the supply in green, thereafter we will look for sells or a bullish continuation.

morrisgitau

Towards the close of Q3, I had a bearish outlook on EURGBP. As we wait for NFP data, I decided to re-look at my analysis. My bias has shifted from bearish to neutral. If we break above the supply we are targeting 0.88-0.89 region before sliding down to 0.85. In the event we break below the 4hr demand, we are likely to mitigate the demand at 0.85 before pushing...

morrisgitau

We are likely to have a bullish correction for this pair. Presently, we have supply failing to hold and a flip zone is holding. Beneath it we have liquidity in form of equal lows. I expect the liquidity to be tapped then a correction to the upside. Note that we are in a bullish correction on the daily charts.

morrisgitau

On the daily chart we have a major consiolidation represented by the purple arrows. On the 4 hour chart, we are waiting for a break an a retest thereafter we shall seek to sell targeting the liquidity or fresh order block sitting below.