Price has mitigated open order on the daily and aso given us several rejections along the area. while on H4 we waiting for price to mitigate a recently opened order for us to go long to another 3hour OB Around.
Price just mitigated the Order block on H4 Tf around 87.000 which is a good psychological level and we've been on a corrective downtrend so we trade with trend and look for short. Expect Price to get to around 85.666 GOOD LUCK.
Price Sniped the H4 OB around 130.721 and then dropped. Now price is accumulating and i'm expecting price to snipe the 130.543 OB on the H1 Timeframe after clearing liquidity before we get the major drop.
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 in an ascending wedge and has also retested a high forming a double top we might likely see a break of the wedge to the upside before a drop (fakeout) or we might just see a break out of the wedge to go short
price is in a total bearish move but seeing divergence onRSI is sign that price might retrace back up before it pushes further down so looking to counter trend and pick a pullback trade. but wait for confirmation and bullish momentum