Bullish Ascending Triangle. Breakout soon.

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

Trade active:

5min shows a buy signal
Time to get long boys

Comment:

Target is the top of the triangle but I expect a breakout soon.

Trade closed: target reached:

Took profit at top of triangle