📊 EUR/USD Triangle Pattern – 1H Timeframe
🕐 Date: 17 June 2025
📌 Chart by: GreenfireForex
🔷 Pattern: Contracting Triangle (ABCDE)
🔍 Context: Forming inside Wave (4) – possible breakout before Wave (5)
📈 Upside Potential: Break above triangle → target near 1.16500+
📉 Downside Risk: If fails to break up → revisit demand zone around 1.15000
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🔮 Possible Scenarios:
✅ Bullish Breakout:
Breaks above wave (e)
Clean rally toward target zone
Ideal for a long setup with tight SL
❌ Bearish Fakeout:
Rejection from triangle resistance
Falls back into demand zone
Look for reversal or retest opportunities
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🎯 Strategy Tips:
Wait for a breakout candle
Use SL outside triangle zone
Entry based on confirmation – avoid early trades
💬 Let’s discuss live market reaction as price nears triangle edge. Stay ready .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.