TheDailyTrader_FX

GBP/USD 4H Bearish butterfly pattern @ 1.34545

Short
FX:GBPUSD   British Pound / U.S. Dollar
Pair is currently approaching a major structure level that has worked as good support and resistance level number of times in the past. Bearish butterfly that is potentially forming now, completes right at that level providing a nice shorting opportunity. RSI shuld be overbought at completion of the pattern to confirm sell signal. ATR based stops above the 1.618 fib extension of XA leg.

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Trade your plan and good luck in the markets!