shprice

Potential SHORT on DAILY BNBGBP - BUTTERFLY PATTERN

Short
BINANCE:BNBGBP   Binance Coin / GBP
At the moment we have a butterfly pattern completed at point 'D' with a 1.272% extension from A-B-A.

I'm waiting for a potential entry on the 4hrly or a sign that the pattern will hold. There is currently potential for a double top at structure or more conservatively for a 2618.

Targets are A-D retracement at 38.2% and 61.8%

Stops 1.618% extension A-B-A and to adjust after target 1's have been hit.