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BeaucoupPips

Will GBPUSD React or Reverse?

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Libra Esterlina/Dólar Americano (FX:GBPUSD)  
BeaucoupPips Atualizado   
FX:GBPUSD   Libra Esterlina/Dólar Americano
Butterfly Support and Resistance
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butterflypattern supportandresistance
GBPUSD has done a Wyckoff Distribution with a 4th hit to the upside to clear out stops and a potential Bearish Butterfly pattern on the H1 timeframe. This pattern could send the price down towards the next LQP 1.25000. I'll wait for confirmation to see how price reacts to this pattern. Will it yield a reversal or a reaction?
Ordem cancelada
Comentário:
Price was closed, but unfortunately didn't touch the D point.
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