Looking at the 4h time frame, we can see that gbpusd is in a bearish downtrend.
We can see that the previous order block hasn’t been filled, which rallied buyers pushing the price to the upside.
I believe that the buyers will try to break the bearish trend, which In turn will create a sell off pushing the price to below the previous order block.
All thoughts...
Please see my prediction for EUR/USD.
As you can see, we have a classic head and shoulders trading pattern which touched the previous order block and the sell side liquidity.
I can see the price hitting the previous lower high of 1.09407 and then retracting to the original order block for a 1:3RR trade.
I can also see the price staying bearish and descending to...
