For me on the 1H chart it looks as if there is a ascending triagle (bilateral pattern) forming up. I like to play it safe as I'm not sure whether the price will drop or keep moving forward. I've added 2 possible entry and exit trades for both long and short positions.
** I'm a newbie trader and I welcome all comments and feedback on my analysis. Thank you in advance.
** I'm a newbie trader and I welcome all comments and feedback on my analysis. Thank you in advance.
Trade active:
Short Trade active
Trade closed manually:
The trade closed at the entry after going back.
Comment:
The long trade did not ativate as I cancelled it as soon as the short one was executed.