morrisgitau

morrisgitau

Following the unexpected rate hike by the Royal Bank of Australia (RBA), the Australian dollar is enjoying strong bullish momentum though it’s a correction in a larger bearish trend. Further, a general weakening of the Swiss franc across major pairs fuels this bullish correction targeting the 0.62 region. Presently, we are awaiting a change of character on the...

morrisgitau

Similar to GBPJPY, the outlook is a bullish correction in the short term targeting the 108 price handle. On the daily timeframe, we have a confirmed change of character that shifted the market from bullish to bearish. Once the bullish correction hits our point of interest, we will look for long-term sell orders.

morrisgitau

Unlike GBPJPY, the CHFJPY on the 4-hour is printing a bearish order flow. We have a rather weak bearish view of this pair. That will change if the pair breaks the new low on the 4-hour time frame and the daily low.

morrisgitau

On the monthly time frame, we have a bullish correction targeting the 180 price handle. On the same time frame, the pair seems to be in consolidation. While our outlook is bullish in the short term, we are anticipating a shift in the market structure once the pair mitigates the 180 price handle. Once setups are confirmed, we will post them.

morrisgitau

Following the unexpected rate hike by the Royal Bank of Australia (RBA), the Australian dollar is enjoying strong bullish momentum though it’s a correction in a larger bearish trend. We are anticipating sell limit entries at the conservative area of 0.909 price handle. Our profit target is the fresh order block (FOB) at 0.87 or the liquidity below at 0.866.

morrisgitau

As we await the Bank of Canada (BOC) interest rate decision, we presently have a break of structure. We anticipate a bullish retracement targeting the fresh order block (FOB) where we have our sell limit orders. Our targeted exit is the liquidity at 1.62 or 1.60 price handles.

morrisgitau

Similar to the XAUUSD outlook, on the daily time frame, we are awaiting the break of the Key structure Daily (KSD). Once we have the break of KSD, we anticipate a bullish correction targeting the unmitigated region at 1.225, representing our sell limit region. Our targeted exit is the liquidity sitting at a 1.19 price handle.

morrisgitau

Though our outlook is bearish, we can only confirm it once the pair crosses the 1940-1930 region thereby breaking internal structure. IF that happens we will have a confirmed shift in market structure. Our intention is to await a bullish retracement to 1980, 1990, 2001, or 2028 price handles where we will place our sell limit orders targeting the liquidity at 1812...

morrisgitau

On the 4-hour chart, we anticipate a break in structure thereafter a bullish retracement where we will place our sell limit orders in the unmitigated order block. Our target profit market is the 20,000 price handle though we see BTC USD falling further toward the 12-15,000 price handle.

morrisgitau

We have a shift in market structure from bullish to bearish. Presently we have a BOS and a possible bullish correction targeting the fresh OP (FOB) before resuming the bearish continuation.

morrisgitau

On the higher time frame we have bearish outlook. Presently, we have a Break of market structure. We anticipate a bullish correction where we will look to sell either at the conservative or aggressive entry points. I tend to favour the conservative entry.

morrisgitau

In the one-month time frame, GBPNZD has mitigated the long-term supply zone (in red). The long-term outlook on the monthly time frame is largely bearish, though the pair was in bullish mitigation or correction. Presently on the monthly time frame, we have strongly protected highs with weak lows confirming our bearish market structure. After the bullish correction,...

morrisgitau

Across major pairs, the Swiss Franc (CHF) has been bullish creating new lows on monthly time frames for all cross-CHF pairs. Presently, on the monthly time frame, we have a bearish market structure. On the daily time frame, we are looking at a possible shift in order flow from bearish to bullish; a corrective bullish move. On the 4-hour chart, we have a change of...

morrisgitau

Looking at the 4HR chart, we have a previous CHOCH and BOS. Currently, we are seeing a completion of bullish correction (return to OB). The minor structure has a CHOCH and BOS. We have two entry points marked on the chart (Aggressive and Conservative). Usually I advocate for conservative entries, however, trade as you see fit. Our profit target is either 30,400 or...

morrisgitau

In the short term I see two options marked by the two arrows. The red arrow represents a short term bullish correction targeting sell orders at 0.675. The blue arrow indicates the possibility of a break in structure thereafter a bullish correction targeting sell orders at 0.675. The take profit for swing traders sits below at 0.60

morrisgitau Updated 

I have been eyeing this pair for a while now. Top down analysis indicates we have a bearish imprint in the horizon. On the 6-month time frame, CADJPY is in consolidation. Dropping down to the 3-month timeframe, we are witnessing the completion of a bullish correction. Moving down to the monthly and daily time frames, we have a change of character on the daily...

09:20

morrisgitau

A brief video on cross CHF pairs. We look at the GBPCHF chart and see a possibility of a break of keys structure to signal a bearish set up. For the NZDCHF there is a possibility of a bullish correction before a further bearish decline. For CADCHF we are looking for a bullish correction in the coming weeks.

morrisgitau

GBPCHF On the one-month timeframe, GBPCHF displays a strong bearish trend, creating new lows. The long-term outlook on the monthly timeframe is largely bearish, though the pair was in a bullish mitigation or correction. Dropping down to the weekly timeframe, we see a break in structure that created the new low at 1.0 price handle. Thereafter, there was a strong...