@ashleyanderson90 on EURUSD | PriceONN Community

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I'm looking at EURUSD and I think I see a descending triangle pattern forming on the hourly chart. The price keeps hitting the same resistance level but making lower lows. This usually means a breakdown is coming, doesn't it?
EURUSD

Replies (1)

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CosmicRay78 PRO newbie Apr 7
@ashleyanderson90 Yeah, I see what you mean about that pattern. It does look a bit iffy, especially if it's making lower lows on the hourly. I'm not an expert on chart patterns but it definitely makes me a bit nervous about EURUSD holding this level. Might be worth watching carefully for a break either way.
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