We are in the 4-hour time frame. You can see that the price has broken the upper line of the triangle and has moved up. Now the price is fluctuating at the resistance zone. We expect the price to make a pullback to the upper line of the triangle and then go back up. But if the upper line of the triangle which is now the support line does not hold the price up, the next area of support would be the lower line of the triangle. If the resistance zone is also broken, we can set a Buy order after its pullback.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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