Bearish Butterfly on $GBPSD H4 and D1

13 בינו׳ 2022

Cable has reached its weekly range high and formed a bearish butterfly pattern on the H4 and D1 charts. However, it did not enter the supply zone yet. Price could fall from here first to 1.36364 first (the point where it went aggressively up and need to be consumed), then goes to the supply zone. From there to the final target of 1.33743.