While the daily chart shows a potential Bearish Butterfly Pattern, my experience suggests this might not play out as expected - or it could be a significant warning sign for traders.
If you're considering shorting GBPUSD, I'd recommend a type 2 retest on the Bearish Deep Gartley Pattern at 1.2756 as a more reliable entry point.
Share your thoughts and trade plans for GBPUSD in the comments below!