morrisgitau

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On the monthly charts we have a confirmed bearish trend with a bullish correction in play. 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. The break in daily structure confirms shift in order...

morrisgitau

The Swiss Franc resurgence across the board can no longer be ignored. Week 1 of September 2024, we are waiting for the release of key macroeconomic data from Switzerland (CPI) and USA (NFP). As it is, the Swiss Franc is stronger across major currencies and we can only expect its resurgence to continue. Presently, USDCHF is yet to give a clear direction. should the...

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This topic explores how uninformed expectations often lead to failure in Forex trading. The internet is littered with people explaining how they lost money in Forex trading or how Forex is a scam. In your circle of friends and family, should you make the mistake of mentioning Forex trading, you are likely to get salty looks. To many, Forex trading equals failure...

morrisgitau

On the monthly chart, the Swiss Franc index, SXY is pushing higher to mitigate a supply zone. The price rally caused an aggressive bearish move across all CHF pairs. Presently, we are in a period of minor correction. The slide is expected to continue, thereafter we will look to trade the bullish correction once we have a shift in order flow and market structure.

morrisgitau Updated 

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...

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On the daily chart we have a change of character indicating a shift in order flow from bullish to bearish. Though we have a shift in order flow, the entry model is ranked moderate to weak, meaning there is a possibility price might push higher during correction. Either way, we are short on this pair.

morrisgitau

On the monthly chart the overall trend is bearish. Presently we are in a bullish correction targeting the unmitigated supply at 1.2 price handle. On the weekly charts, the price has settled at a strong supply zone. On the daily chart, price has broken higher indicating the bullish correction is still in play. If the price pushes lower, we will trade the short term...

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Q2, 2024 the US Dollar was weaker against ,GBP,EUR,NZD and AUD. Presently, across these pairs we are awaiting a final push to previous unmitigated or fresh supply zones. Thereafter, possibly during the release of ADP and NFP we could see a resumption of the previous bearish trend.

morrisgitau

On the monthly charts I see a bearish trend that has settled int a major consolidation/ranging market. Within the weekly leg, we have another bearish move and a consolidation. On the daily chart we have a break of structure confirming a bearish trend. Presently, I am waiting for a bearish correction to activate the sell limit orders.

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 charts, this crypto pair has mitigated a previous demand. From this demand zone we are seeing a reaction where price is pushing up higher. A privacy based crypto, ROSE is poised to make higher highs targeting the fresh supply marked by FOB . Once we have confirmation, we will update the analysis.

morrisgitau

On the monthly chart, we have a larger bearish trend. Presently, the price seems to be seeking the unmitigated supply at 156 price handle. Once we have a mitigated supply, we will be looking for sell limit orders targeting the monthly fair value gap and flip zone at 116.5 price handle. On the weekly charts, upon refinement. we have equal highs at 159 price handle...

morrisgitau Updated 

On the monthly charts we have abearish trend targeting the monthly low. On the weekly charts we have registered a change of character on the long term trend. We have confirmed the reversal from bullish to bearish. On thedaily charts we have an internal break awaiting break of key levels to confirm sell limit orders. On the 4 hour charts we have a minor bearish...

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

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 weekly charts,we have a disequilibrium and unmitigated supply at 0.607 price handle, price is seeking to correct it. On the 4-hour chart, we have a shift in market structure confirming the bullish...

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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...