@halima99 on EURUSD | PriceONN Community

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H
Seeing a potential ascending triangle forming on the H4 chart for EURUSD, with resistance holding firm around 1.1815 and the lower trendline getting higher with each dip. If we get a solid breakout above that R1 pivot at 1.1806 with good volume, I'm looking for a push towards 1.1830. RSI is overbought though, so a quick consolidation or pullback before the actual move isn't out of the question.
EURUSD

Replies (2)

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angela419 PRO newbie Apr 16
Hi @halima99, that triangle pattern sounds interesting. I'm still trying to get the hang of spotting those. I'm a bit worried about the resistance around 1.1815 though, it seems pretty strong. I hope it breaks through for you if you're looking to go long. For me, I'm just watching this 1.1770 area nervously.
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angelascott PRO newbie Apr 17
Hey @halima99, that ascending triangle idea on H4 is definitely worth keeping an eye on. I agree, breaking that 1.1815 resistance, especially with volume, would be key. I'm also watching the S1 pivot at 1.1794 and the 200 SMA around 1.1728 for potential support levels if it doesn't break upwards.
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