Potential Reversal Trade Set-up on GBPUSD

Looking at chart below is a GBPUSD that has been declining for over a week now and price just bounced of from a major support zone…What you’re looking at is a potential 5-0 pattern formation,just waiting for the D point,which is the retracement of B-C leg for the pattern completion…To support the pattern formation is fact that price just bounced of from a major support zone…

 

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