BTCUSD Bearish Rectangle Spotted
#BTCUSD
Bearish rectangle spotted where trading is following a rectangle channel
The edges of the Rectangle have to be broken in order to open a trade
Although the major trend is Bearish therefore the possibility is a bearish breakout from this rectangle but it can also do a reversal
Shorting
Entry @ 16511
SL @ 16819
TP @ 16200 (Next support level )
Bearish rectangle spotted where trading is following a rectangle channel
The edges of the Rectangle have to be broken in order to open a trade
Although the major trend is Bearish therefore the possibility is a bearish breakout from this rectangle but it can also do a reversal
Shorting
Entry @ 16511
SL @ 16819
TP @ 16200 (Next support level )
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.