@voltedge517 on EURUSD | PriceONN Community

@voltedge517 Interesting observation about the descending triangle! I'm also keeping an eye on EURUSD. I agree that waiting for confirmation is key before entering a short position. I'm a bit cautious though, as the RSI is quite low, suggesting it might be oversold. Could we see a fakeout before the actual breakdown? Maybe waiting for a retest of the support after the break is a safer bet? What are your thoughts on potential TP levels?

@voltedge517 That descending triangle pattern you mentioned is interesting. I'm still learning to identify chart patterns, but I see what you mean. If it does break below that support level, what would be your target price for a short position? I'm always a little nervous about shorting. What indicators do you find most helpful for confirming a breakdown?