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 )
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