Current consolidation is getting close to a resolution. Based on 4h chart we have anywhere from 24-48 hours to breakout of it.
Of course it could happen at any time before that as well.
Based on higher timeframes I am biased to the upside, but both long and short are equally valid with this setup.
Don't forget to use some kind of risk management!
If you are using stops I would place the stop on the other side of the triangle depending which side breaks first.
Good Luck!!!
Of course it could happen at any time before that as well.
Based on higher timeframes I am biased to the upside, but both long and short are equally valid with this setup.
Don't forget to use some kind of risk management!
If you are using stops I would place the stop on the other side of the triangle depending which side breaks first.
Good Luck!!!
Comment:
Down it is
Comment:
Don't forget to take profit if you entered the short. Target is just a guide, not an exact close. Usually taking profit by closing parts of the trade is best.