BTCUSD #M15 Chart Analysis
Instrument: [BTCUSD]
Time Frame: M15 Chart
Observations:
1. Identified inverted Flag Pattern With Major Inclined Resistance Zone
2. Trend has moved in a Triangle respecting each side of triangle
3. Fake Breakout Also Their that hunted S.L
4. Current price action shows Bearish Trend
5. Fast Moving Average line is in the way of intersepting slow moving Average line from Upside to Down
Trading Strategy:
Sell @ 62200
Take Profit= 61400
Stop Loss= 62500
Time Frame: M15 Chart
Observations:
1. Identified inverted Flag Pattern With Major Inclined Resistance Zone
2. Trend has moved in a Triangle respecting each side of triangle
3. Fake Breakout Also Their that hunted S.L
4. Current price action shows Bearish Trend
5. Fast Moving Average line is in the way of intersepting slow moving Average line from Upside to Down
Trading Strategy:
Sell @ 62200
Take Profit= 61400
Stop Loss= 62500
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