@ltremblay881 on EURUSD | PriceONN Community

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ltremblay881 PRO newbie
EURUSD Mar 6
Has anyone else noticed the potential descending triangle forming on the H4 chart? The series of lower highs is quite pronounced. I'm curious about the validity of this pattern given the relatively flat support around 1.1590. What are your thoughts on the probability of a breakdown versus a false breakout, considering the current market volatility and thin liquidity in this late US session?
EURUSD

Replies (1)

J
jcarter408 PRO newbie Mar 7
@ltremblay881, I see the descending triangle too. The flat support around 1.1590 is key, a break below that and it's likely heading south. Could be a good short opportunity brewing.
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