GBPUSD - Bearish Butterfly Completed on Daily Chart

Pattern completed last week with price closing below PRZ.
I'm waiting for a retest : Price to at hit PRZ and RSI to hit overbought level again before considering to take a short trade.
Based on the ED channel I've drawn, trend seem to upward.
A short near or at the top of the channel will be ideal.
Good R:R at 3.1 (TP1) and 5 (TP2).
Do adjust lot size according to your risk appetite.


NOTE : This is a counter trend trade, trade with caution.

Pesanan dibatalkan:

PRZ not respected, no trade.