Triangle is forming on 1 hour chart and break out to the down side is a good set up to get some short positions. At the same time break to the up side is a good set up to get some long positions, but at this moment I prefer short position. Break of the triangle's upper line and this plan is not valid any more and possible long positions will be established.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.