We have a triangle pattern on 4hr time frame in development
There are a two possible scenarios: bullish and bearish.
My favourite view is we will have a move to upside as there is a monthly trendline I have marked as magneta color.
Wait for breakout first and enter trade with target as on chart.
Structure might change still as triangles develope long time often.
I will post update.
There are a two possible scenarios: bullish and bearish.
My favourite view is we will have a move to upside as there is a monthly trendline I have marked as magneta color.
Wait for breakout first and enter trade with target as on chart.
Structure might change still as triangles develope long time often.
I will post update.
Comment:
Comment:
Structure has change slightly.
Comment:
Pattern still valid
Trade closed: target reached
