Possible Butterfly forming on GBPUSD Long

British Pound/U.S. DollarFXCM

Description

⋅ Nov 27, 2018 4:05 PM

B point is a little bit deeper than .786, but is not enough for a Deep Crab (.886). Moreover, projected D point @ 1.27226 (1.272XA) is just a couple of pips away from Nov 15th retrace @1.27232.

Numbers look like:
Entry: 1.27226
SL: 1.26967
TP1: 1.28010
TP2: 1.28494