At the time of this anaylysis I am not yet in the buy. I am waiting for the Market Makers to sweep the sell orders and activate sell stops. Then, I would expect to see price turn around reach into either the bearish OB or above the highs to relinquish buy stops.
GU has made the run to the order block as expected, but will be returning back up again. Confluence with higher timeframe to better understand direction,
GBPUSD Short Term Sell, Target is Order Block that started the rally.
Given the fact the BTC is respecting Bearish Order Blocks on hihger timeframe, It is my opinion that institutions want to see price come lower.
I believe GBPCAD will come for highs of Last Tuesday. I Previously Noted Highs on Daily posting.
I believe a buy will ensue to take out previously noted highs.
I predict price will raid these highs and reject from the of body of the upper Order block.
My prediction previously was that the market upon respecting the Order Block would target the short term highs.
I believe Price will raid these highs and then make a return to the Bullish OB to ready for a buy into 79 % Retracement.