First of all BNB broke that Descending Triangle and then tested that resistance level 3 times and made a pin candle at resistance/demand zone. The volume is also in the favor of bearish trend.
Entry: 303.1$
SL: 309$
TP1: 300.8$
TP2: 298.1$
TP3: 294.2$
TP4: 292.6$
TP5: 291$
TP6: 284.6$
GBPUSD on Daily chart formed a perfect Gartley Pattern
Also we can see the formation of a 2 candle rejection of the double top lower close type. This signal identifies a strong pressure on sale of the sellers!!!
Pending Order is active
Good luck!!!!!!!!!!
Some confluence line up here for a LONG trade:
- 110.00 is a major support / psychological level
- 50% Fibonacci retracement
- double bottom (more evident at lower time frames)
- flaw /wedge formation
Worth a shot?
