Looks like Bnb is making a decent recovery after losing its gains.
Reasons To Consider A Long Position on Breakout & Close.
1. Potential Inverted Head & Shoulders Pattern Formation.
2. Trend Line resistance from 12th May might break after retest.
3. Decent Risk To Reward Ratio. RR 1:1.5 Short term. RR 1:3 Long term
4. Long Term Bull Structure above lows @ $186-$218.
Reasons To Consider A Long Position on Breakout & Close.
1. Potential Inverted Head & Shoulders Pattern Formation.
2. Trend Line resistance from 12th May might break after retest.
3. Decent Risk To Reward Ratio. RR 1:1.5 Short term. RR 1:3 Long term
4. Long Term Bull Structure above lows @ $186-$218.
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