Bullish Ascending Triangle. Breakout soon.
Looks like a break out on the 15min. The 5 min does not look so hot but we shall see. Waiting to take a position based on 5min MACD and stochastic. Hitting bottom of triangle now but has room to go down on MACD.
Do not enter till macd is green. if it breaks wait a few to short. Looks like a bear trap but could turn into a short opportunity
Do not enter till macd is green. if it breaks wait a few to short. Looks like a bear trap but could turn into a short opportunity
Trade active
5min shows a buy signalTime to get long boys
Note
Target is the top of the triangle but I expect a breakout soon.Trade closed: target reached
Took profit at top of triangle
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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.