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?
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Commento:
Price was closed, but unfortunately didn't touch the D point.