FX:GBPUSD British Pound/U.S. Dollar
Cable, H4: Upside breakout from resulted in failure with sell off from reversal window in the vicinity of 1.54. Eve-Eve installed between 1.53-1.54 reached its primary target at 1.5135 post US Advance GDP. A Break held below 1.5135 sets up ABCD with 100% measured move to ~1.4960. Note horizontal support at (C) near 1.50.
Hey Kevin - ABCD definitely off the table. Cable's Move back toward 1.54 built out a bearish shark to contend with:Higher lower v. July low at the Butterfly's point (A) and also (C) is noteworthy. Pressure ratcheting slowly against 1.54, but stilt see a bearish tilt beneath that level.