On the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen.
This is a suitable basis to take a long trade with price is near to the ascending support trendline
with a stop loss just outside ( below) that line The trade is supported by the current downtrend
of the USD (^DXY) as seen in the link below.
The megaphone is demostrative of increasing volatility which the experience trader can
turn into profits.
As this is on a 15-minute time frame this entry is only suitable to a daytrader
who is scalping or at least closing the trade within the same session.
This is a suitable basis to take a long trade with price is near to the ascending support trendline
with a stop loss just outside ( below) that line The trade is supported by the current downtrend
of the USD (^DXY) as seen in the link below.
The megaphone is demostrative of increasing volatility which the experience trader can
turn into profits.
As this is on a 15-minute time frame this entry is only suitable to a daytrader
who is scalping or at least closing the trade within the same session.