This triangle shouldn't be a suprise to anybody because it is perfectly visible on H1 and H4 and that fact makes things extremely dangerous for both bulls and bears.
Buy & Sell Stop orders are placed and everyone are waiting for the structure to break but that creates a high probability for a fake move - meaning that the first break-out of the triangle might not be the real thing.
So, in conclusion - very risky area to trade.
Buy & Sell Stop orders are placed and everyone are waiting for the structure to break but that creates a high probability for a fake move - meaning that the first break-out of the triangle might not be the real thing.
So, in conclusion - very risky area to trade.