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
5min shows a buy signal
Time to get long boys
Target is the top of the triangle but I expect a breakout soon.
Trade closed: target reached:
Took profit at top of triangle