morrisgitau

morrisgitau

On the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.

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 4 hour chart, we have a confirmed shift in markets structure indicating a bearish momentum is setting in. The forthcoming bitcoin halving is likely to affect other crypto currencies negatively. The expectation is that as the halving date approaches we will see a lot of selling pressure across the crypto market.

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 

DXY has broken above a key level of supply indicating a bullish momentum is still active. Presently we have profit taking going on that will send the dollar slightly lower acros s the board before the bullish move continues.

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...

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...