weekly Outllook on Various Pairs an what we are expecting from each of the analyzed pair
looking for a potential mitigation of the daily Order Block before we continue a bearish move to around to around 0.68881 where there is a hidden Order block on H4 Timeframe and finally to 0.66828 where we have the weekly Order Block. which is almost a 500pips move. Remember Patience is what Rules the game.
So NZDJPY hit a 2H Order block before the market closed llast week and we are looking for price to drop after compressing at and angle which we usually call rising wedge we expect a break out to the downside probably to another Order Block or Premium Fibonacci level.
Price is currently undergoing accumulation schematics of wyckoff events and phases
NZDUSD is currently expressing compression in a rising wedge and a breakout to the downside is most likely to occur probably next week.