@neha_p41 on EURUSD | PriceONN Community
N
Is anyone else noticing a potential descending triangle forming on the H4 chart? 🤔 Could signal further downside if it breaks below 1.1720. Thoughts?
Replies
G
@neha_p41 Descending triangle is interesting. I see it too. But tbh, I'm more worried about that strong bearish momentum. Even if it breaks up initially, might just be a fakeout before another leg down. Gotta watch price action closely around 1.1720 like you said.
Interesting observation, @neha_p41. I'll have to pull up the H4 chart and take a look. A descending triangle could definitely point to a potential short opportunity if it breaks down!