morrisgitau

morrisgitau

Subscribing to the institutional order flow concept, the analysis on a weekly timeframe shows a CHOCH and a BOS. The pair has retraced to the FOB(Black horizontal line at 18 levels). In the interim I will be looking for CHOCH and BOS on the 4hr for entry targeting the 14-15 levels alternatively targeting the 13 levels. Kindly note we hold trades for extended periods.

morrisgitau

After a strong bullish move, the pair is showing signs of a change in trend. The pair has recently broken through the demand zone (failed demand) thereby creating a Change of Character (CHocH) and a new lower low. The pair is expected to pull back to the bearish orderblock above it. Thereafter look for sell in the lower time frame or place sell limit on the fair...

morrisgitau

Over the last few weeks, I have been monitoring the pair looking for sell entries. The pair broke Change of Charachter (CHoCH) and formed a new low. Later in the month of March the pair formed a new low (BOS) and returned to the bearish order block. The pair is primed for a sell to the downside, targeting 0.85.

morrisgitau

Currently I am looking for sell positions. The pair has broken Change of Character (CHoCH), formed a new low (BOS anticipated) and returned to the bearish order block. I am waiting for the pair to cross the anticipated BOS to form a new low, then return to the bearish orderblock. Thereafter, look for sell entry on the lower timeframe.

morrisgitau

ON the Daily time frame there was a change of character (CHoCH purple line) that turned out to be a liquidity grab. The pair did not make higher highs. In the 1 hour time frame, there was a CHoCH in green signifying a change in trend confirmed by the Break in structure (BoS). We are waiting for a return to the bearish order block (in red) then execute sell orders.

morrisgitau

Awaiting the pair to return to either order block in green then slide to 88.6 (fresh order block in purple).