Due to "risk off" market and positive PMIs from the UK I can see the pound grabbing any sell side liquidity mitigating the order block that caused the break of structure to the upside and continuing up to fill any imbalances and grabbing buy side liquidity mitigating the order block at the 3780 area that caused the initial 4H BOS to the downside.
With the break of structure on the 1H showing bullish strength I would expect price to retrace into an optimal trade entry during LONDON session to continue UP and fill any "FVG" or imbalances before heading back down or mitigating the order block at the 3780 area. Due to the volatility of NY news today I would only trade London.
We can see a major 4H break of structure leaving behind an imbalance in the market and an Order block that needs to be mitigated in order to close out those manipulated orders targeting the trendline liquidity price left behind stopping out any buyers.
