Bearish Butterfly on $GBPJPY D1
Price has reached its weekly range high and entered a supply zone. Also on the D chart, there has been formed a bearish butterfly pattern.m which will be invalid when 158.388 would break. Safest play would be waiting for a correction, and enter short on a retracement with stops above the previous high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.