GBP/CAD Plausible price action

FX_IDC:GBPCAD   British Pound / Canadian Dollar
The pair has formed a bearish 'butterfly' which is accompanied by decreasing RSI highs. TP1 and SL1 are quite marginal and undergo huge change.
*Disclaimer: this is for educational purposes only*
Comment: Good SL can be estimated by using the 1H chart.
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