The US announcement regarding Core CPI (MoM) (Mar) on 10/4/2024 resulted in a sharp downward movement of the GBPUSD at 188 pips, a sharp movement indeed, this movement created the shark effect, the BC leg of the pattern which happens a lot but hard Apply it since the point of required action is also the point of fear where it is easiest to freeze in place and not take the required action.
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