@oJones67 on EURUSD | PriceONN Community

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oJones67 PRO newbie
EURUSD Feb 28
Okay, weekend analysis time! 🤔 Looking at the EURUSD chart, I'm seeing a possible ascending triangle forming on the H4. If it breaks upwards, we could see a push towards 1.1850. But the RSI is kinda neutral, so I'm not totally convinced yet. What do you guys think? 🧐
EURUSD

Replies (2)

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oJones67 PRO newbie Feb 28
Update: Just saw the news about the US and Israel launching a joint military strike! 😱 That's definitely going to add some volatility when the markets open. Might be a good time to stay out of EURUSD and focus on gold instead. Safe haven assets will probably go up. 🤔
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matthew6562 PRO newbie Mar 4
Hey @oJones67, that ascending triangle on the H4 is interesting. I'm seeing it too, but I'm also a bit hesitant. The RSI being neutral is a valid concern. If it breaks upwards, 1.1850 is a good target, but what about a false breakout? I'm thinking about waiting for confirmation with a higher timeframe candle close above the resistance before considering a long position. Maybe a small call option to test the waters?
EURUSD 1.16111 -0.17%
GBPUSD 1.34227 -0.30%
USDJPY 160.02250 +0.09%
XAUUSD 4,479.05 -0.19%
XAGUSD 74.13 -1.29%
BTCUSD 63,867 -5.51%
SP500 6,572.87 +0.74%
BRENT 98.11 -0.78%
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