As the title suggests, the formation of a bullish butterfly pattern seems to be very likely. This is especially true as it complies with the bearish overall pattern (marked by the orange lines) as well as strong S&R levels at points C and D. Obviously, we have two moves here: a conservative approach and an aggressive approach.
The aggressive approach involves riding the wave up to point C then selling accordingly. Entry: 86.113 TP: 87.463 SL: 85.598
The conservative approach only involves selling when the price hits its peak at C. Entry: 87.424 TP: 84.32 SL: 87.716
As always, this is merely the result of my own personal analysis and this idea may be completely wrong so be cautious when trading.