Btmm
BXY, GBPXXX,Outlook for the first month of 2022After Creating W on the Weekly Order Block, there are some up coming long trades to be taken through Order Flow plus BTMM
One is a reversal off the H1 Bullish Order Block(turquoise) which is highly possible as that's an Immediate 4 hr ID50
The Other is a reversal off the H4 Bullish OB(Blue),Also an ID50 but would have trapped for lower liquidity targets then leave
GBPUSD LONGPrice gave us a shift in market structure on the M15 to signal a bit of Bullish momentum. It has gone up and created buyside liquidity by making a retail trendline pattern. Today we expect price to give a judas swing by coming down to 1.3215 then we can take a 30 pip Long position as indicated in my analysis. Let us wait and see!
GBPUSD LONG PENDINGGBPUSD needs to come down to clear the minor lows and also mitigate the FVG which is conveniently in the Fibonacci discount zone at 1.3250 then we can expect to BUY from there. With the help of fundamentals today we should see that aggressive 80 pip move to that bearish OB marked up there.
NZDUSD - Technical & Fundamental OutlookPowell’s comments fueled a knee-jerk reaction in the AUD/USD and NZD/USD, which means the rallies should be short-lived. Traders had to react because U.S. Treasury yields fell after the Fed Chairman’s speech.
Given next Friday’s U.S. Non-Farm Payrolls report, the U.S. Consumer Inflation the week after and the September 21-22 Federal Reserve policy meeting, the rally could come to an end if any of these events steer the Fed into an early tapering.
Over the short-run, we’re looking for the Aussie and Kiwi to basically track the movement in Treasury yields. A further weakening of U.S. Treasury yields will underpin the AUD/USD and NZD/USD.
Trade setup will be updated in my premium signal channel
GBPUSD - SHORT ContinuationThis Trade setup has been created based on Fundamental & Technical Concepts.
GBP/USD is fading an uptick to daily highs of 1.3891, although remains well off the weekly lows at 1.3855 in early European dealings.
The retreat in the US dollar across the board helps the rebound in the cable but the risk-off market mood spoils the party for the bulls.
Despite the renewed upside, the pair remains exposed to downside risks amid expectations of earlier Fed’s tapering, looming Brexit concerns and the UK political jitters.
GBP/USD technical outlook
Looking at the four-hour chart, GBP/USD is has bounced off the falling wedge support at 1.3855, although the upside attempts remain capped below the downward-sloping 21-Simple Moving Average (SMA) at 1.3905.
The immediate resistance is seen at the 50-SMA of 1.3913. Further up, the falling wedge upside barrier at 1.3935 could be put to test if the recovery momentum picks up pace.
However, with the Relative Strength Index (RSI) still lurking below the midline, the cable’s bounce appears shallow.
A breach of the abovementioned critical support could open floors towards the horizontal 200-SMA at 1.3835, almost where the 100-SMA lies.
Reference :- Click here