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