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lyl89

GBPUSD - Potential Bullish Butterfly Pattern on H1 Chart

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
lyl89 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Fibonacci Harmonic Patterns Butterfly GBPUSD gbpusdlong Bullish Butterfly harmonicforex Technical Analysis tradingsetup
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Hi guys, it's been quite a while.

A potential bullish butterfly pattern might be forming on H1 Chart.

RSI is on it's way to oversold level.

R:R at 2.4 (TP1) and 3.6 (TP2). Good luck.
Comment:
Price is still respecting PRZ based on hour candles closed.
However, no retracement sighted yet, price is still dropping slightly.
Do trade with caution as the GBP bank rate result is releasing in 2 hours.
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