Speculation, Likelihood of a retracement on this market

FX:GBPUSD   British Pound / U.S. Dollar
Manufacturing production m/m will be announced in few minutes. I am expecting it to compliment this butterfly pattern . It is unclear whether the market will continue to go bearish as it is in demand and supply zone (area). We are expecting a retracement untill next week. it is time for bears to take profit since it is the end of the week also.

As always keep an open mind, I could be wrong. This news event could be negative so theres a potential of it to go down south. Anyway according to my analysis, there is a divergence on my RSI which confirms the possibilityof going bull and the MACD has crossed up, indicating bullish too

Good luck :)
Happy trading
This pattern wasn't thoroughly measured. I hope everyone didn't follow it as there's an updated one. Thank you
There's some error there, For people who have taken the long position. Should drop there stop loss 10 pips below, S3
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